Cleveland-Cliffs is idling some production at its Hamilton, Ontario plant in Canada and will lay off hundreds of workers, citing the damage done by US tariffs, CBC News said on Monday.
- Cleveland-Cliffs is idling production and laying off hundreds of workers at its Hamilton, Ontario steel plant due to damage from US tariffs.
- The company cites high import volumes preventing it from bridging the market gap created by the trade crisis.
- Stelco will concentrate production at its Nanticoke plant, offering affected Hamilton employees jobs there.
Topics: Asset types, Jurisdictions, Legal regulatory, Real assets, Cross jurisdictional policy, Enforcement actions litigation
Tags: #clevelandcliffs #tariffs #steelproduction #canada #ontario #hamiltonplant #layoffs #ustariffs #stelco #tradecrisis
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