Market Chatter: Cleveland-Cliffs' Canadian Unit Plans to Idle Some Steel Operations Over Tariffs
MT Newswires Live
Sep 29
Cleveland-Cliffs' (CLF) Stelco expects to indefinitely suspend some steel operations in Hamilton, Ontario, due to disruptions caused by US tariffs, Bloomberg reported Monday, citing a company letter to customers it viewed.
The Canadian steelmaker plans to idle its cold-rolled and coated operations at Hamilton Works in the coming weeks, the report said, citing the letter.
Cleveland-Cliffs and Stelco didn't immediately reply to requests for comment from MT Newswires.
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