10/10/2026
STELCO LAYOFFS: A seemingly snooty, and ill-informed Mélanie Joy has taken a dressing down from Stelco’s legal counsel Paul Simon. Stelco lays the blame squarely on the Carney government for allowing China to dump galvanized steel into Canada and intends to rely on provisions of the Investment Canada Act which allow for layoffs under the Act’s “monitoring of investments” provisions.
In a letter to Minister Joy, Stelco’s legal counsel says it is prepared to immediately call back laid off workers in Canada if Ottawa can reach a “Fortress North America,” trade pact with the U.S. but it has also been clear it believes the government has not done enough to reduce foreign dumping of galvanized steel in the country, which is hurting Stelco’s ability to compete in the domestic market. “The most important step the government could take,” Mr. Simon wrote, “would be to impose further restrictions on imports of cold-rolled and coated steel products into Canada, limit import substitution, and eliminate tariff waivers on foreign steel products that Canadian producers, including Stelco, can supply.” Simons also took issue with the government’s contention that it was blindsided by Stelco’s announcements to lay off workers in Canada and said that Stelco had been clear, both in its direct communications with Ottawa dating back to July, and in its public comments to investors, that its galvanized business was in trouble and that layoffs in Canada were imminent. Furthermore, he said that Ottawa had suggested a meeting to discuss “proposed revisions to the undertakings” owing to the expected idling of the affected Stelco operations.
“Your suggestion that you only recently learned of Stelco’s intentions to indefinitely idle its Hamilton Works finishing lines is therefore inaccurate and misleading to the Canadian public…By failing to mention or acknowledge these regular communications, your letter created the false impression that we have not been cooperative and transparent. This is profoundly regrettable at a time when we hope to lower public tensions and engage in a dialogue with you.” Mr. Simon wrote.