Sarah Mills: Winter, go away!
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OTTAWA — Industry Minister Mélanie Joly says Ottawa is consulting its lawyers about remarks by Cleveland-Cliffs Inc. chief executive Lourenco Goncalves suggesting he bought Stelco to protect his company’s U.S. operations from Canadian competition.
She says the federal government is examining the potential legal implications of his comments as the U.S.-based owner of Stelco faces a deadline to demonstrate how it will honour job commitments at its Ontario steel mills.
She says Goncalves’ “confessions” during a televised interview Tuesday could influence Ottawa’s ongoing enforcement action.
In an interview with CBC News, Goncalves says he bought Stelco because the Canadian company was flooding the U.S. market with steel and undercutting prices.
He also told Power & Politics host David Cochrane that he intends to sell the company in about a year now that he is what he called “persona non grata” in Canada.
Cleveland-Cliffs announced plans on Sept. 28 to lay off up to 500 workers at Stelco’s Hamilton Works and Lake Erie Works in Nanticoke, Ont., blaming U.S. tariffs, weak demand and an oversupply of imported steel in Canada.
This report by The Canadian Press was first published Oct. 28 2026.
The Canadian Press
