HAMILTON, Ontario--(BUSINESS WIRE)-- On September 28Stelco announced that, in response to unsustainable market conditions for its cold rolled and coated products, Stelco temporarily idled our Hamilton finishing operations – a measure that impacted 175 of our employees. We are pleased to announce that we have reached agreement with a sufficient volume of our customers to restart our Hamilton finishing operations and recall all 175 workers on December 1.
During the intervening period, Stelco has been in constant communication with our valued customers who have expressed great interest in working with Stelco and a desire for us to provide them with the high-quality products our Hamilton finishing facility is known for producing. Our customers have committed to support our Hamilton finishing operations despite the lack of response from the federal government to address the shortfalls in their tariff response program and the continued flood of offshore imports of galvanized products that have eroded our domestic market.
While the restart of our operations will take several weeks, as a measure of good faith to our employees we are recalling our workforce effective December 1. All impacted employees will also be made whole retroactively for the standard wages they would have received during the period in which they were temporarily laid off.
“I would like to thank our valued customers for the faith they have placed in us, and our workers for the patience and resilience they have continued to demonstrate during this challenging period,” said Paul Simon, President of Stelco.
About Stelco
Stelco, a wholly owned subsidiary of Cleveland-Cliffs Inc., is a low cost, Canadian steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America. Stelco produces flat-rolled value-added steels, including premium-quality coated, cold-rolled and hot-rolled steel products, as well as pig iron and metallurgical coke.
