lol. Stelco’s owner is so fucked.
Mélanie Joly: "What was interesting in his interview is that [Cleveland-Cliffs CEO] mentioned that Stelco was a competitor that he wanted to get rid of... he's proving our case."
October 28, 2026 at 4:34 AM
lol. Stelco’s owner is so fucked.
The American CEO who bought Stelco is openly admitting that he purchased the company to sabotage it.
This is why the Liberals should have never approved Stelco's sale in the first place. When you give away ownership of a critical industry like steel, your economy is forever under another's thumb.
This is why the Liberals should have never approved Stelco's sale in the first place. When you give away ownership of a critical industry like steel, your economy is forever under another's thumb.
Cleveland-Cliffs CEO: I bought Stelco because I could not afford anymore having Stelco flooding the market here in the United States to the detriment of my own company.
David Cochrane: Am I understanding you correctly there? It was a defensive acquisition?
David Cochrane: Am I understanding you correctly there? It was a defensive acquisition?
October 28, 2026 at 2:19 AM
The American CEO who bought Stelco is openly admitting that he purchased the company to sabotage it.
This is why the Liberals should have never approved Stelco's sale in the first place. When you give away ownership of a critical industry like steel, your economy is forever under another's thumb.
This is why the Liberals should have never approved Stelco's sale in the first place. When you give away ownership of a critical industry like steel, your economy is forever under another's thumb.
Speaking to reporters ahead of caucus, Melanie Joly said the government believes Stelco's owner committed a ‘double violation of undertakings.’
youtu.be/2NBOyZhEpUY?...
youtu.be/2NBOyZhEpUY?...
Stelco's owner committed 'double violations of undertakings,' Melanie Joly says
YouTube video by CTV News
youtu.be
October 27, 2026 at 2:41 PM
Speaking to reporters ahead of caucus, Melanie Joly said the government believes Stelco's owner committed a ‘double violation of undertakings.’
youtu.be/2NBOyZhEpUY?...
youtu.be/2NBOyZhEpUY?...
He ALSO makes two contradictory claims about Stelco's market impact:
1. "Stelco is flooding the US market"
2. "Cleveland Cliffs alone exceeds entire steel production of Canada"
Well, which is it? If Stelco's production is <CC's (=18% of US market), then it cannot plausibly "flood" the US market.
1. "Stelco is flooding the US market"
2. "Cleveland Cliffs alone exceeds entire steel production of Canada"
Well, which is it? If Stelco's production is <CC's (=18% of US market), then it cannot plausibly "flood" the US market.
October 27, 2026 at 11:31 PM
He ALSO makes two contradictory claims about Stelco's market impact:
1. "Stelco is flooding the US market"
2. "Cleveland Cliffs alone exceeds entire steel production of Canada"
Well, which is it? If Stelco's production is <CC's (=18% of US market), then it cannot plausibly "flood" the US market.
1. "Stelco is flooding the US market"
2. "Cleveland Cliffs alone exceeds entire steel production of Canada"
Well, which is it? If Stelco's production is <CC's (=18% of US market), then it cannot plausibly "flood" the US market.
🚨🇨🇦 Stelco's U.S. owner admitted to CBC he bought the Canadian steelmaker to stop it competing with his American business. Now hundreds face layoffs, Ottawa threatens legal action, and he may sell. Should Canada tighten protections against foreign takeovers?
October 28, 2026 at 3:30 AM
🚨🇨🇦 Stelco's U.S. owner admitted to CBC he bought the Canadian steelmaker to stop it competing with his American business. Now hundreds face layoffs, Ottawa threatens legal action, and he may sell. Should Canada tighten protections against foreign takeovers?
🇨🇦🏭 Stelco's U.S. owner told CBC he bought the company to stop it undercutting American steel prices. Now Mélanie Joly says Ottawa's lawyers are examining his remarks amid a dispute over layoffs and employment commitments. Could the CEO's own words affect the legal showdown?
October 28, 2026 at 7:30 PM
🇨🇦🏭 Stelco's U.S. owner told CBC he bought the company to stop it undercutting American steel prices. Now Mélanie Joly says Ottawa's lawyers are examining his remarks amid a dispute over layoffs and employment commitments. Could the CEO's own words affect the legal showdown?
U.S. steel CEO's 'confessions' for buying Stelco prompted Canadian government to call its lawyers: industry minister
Cleveland-Cliffs CEO said he bought Stelco to stop it 'undercutting' his products in the U.S.
www.cbc.ca/news/politic...
Cleveland-Cliffs CEO said he bought Stelco to stop it 'undercutting' his products in the U.S.
www.cbc.ca/news/politic...
Government called its lawyers after U.S. steel CEO's 'confessions' over why he bought Stelco, Joly says | CBC News
Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting...
www.cbc.ca
October 28, 2026 at 6:25 PM
U.S. steel CEO's 'confessions' for buying Stelco prompted Canadian government to call its lawyers: industry minister
Cleveland-Cliffs CEO said he bought Stelco to stop it 'undercutting' his products in the U.S.
www.cbc.ca/news/politic...
Cleveland-Cliffs CEO said he bought Stelco to stop it 'undercutting' his products in the U.S.
www.cbc.ca/news/politic...
Steel is one of the quintessential National Security industries.
Stelco’s new owners are pretty clearly idling a significant portion of Canadian steel capacity in-service of foreign political objectives.
We cannot wait for litigation, this should be nationalized at the price paid immediately.
Stelco’s new owners are pretty clearly idling a significant portion of Canadian steel capacity in-service of foreign political objectives.
We cannot wait for litigation, this should be nationalized at the price paid immediately.
October 27, 2026 at 11:50 PM
Steel is one of the quintessential National Security industries.
Stelco’s new owners are pretty clearly idling a significant portion of Canadian steel capacity in-service of foreign political objectives.
We cannot wait for litigation, this should be nationalized at the price paid immediately.
Stelco’s new owners are pretty clearly idling a significant portion of Canadian steel capacity in-service of foreign political objectives.
We cannot wait for litigation, this should be nationalized at the price paid immediately.
Clear statement by @melaniejolycan.bsky.social:
“Bring back the jobs and I want a timeline.”
As a mother of a young Canadian woman, having an unapologetically strong woman at the helm of Industry Canada is a delight - she’s worth a follow to inspire us all.
#Canada
www.cbc.ca/player/play/...
“Bring back the jobs and I want a timeline.”
As a mother of a young Canadian woman, having an unapologetically strong woman at the helm of Industry Canada is a delight - she’s worth a follow to inspire us all.
#Canada
www.cbc.ca/player/play/...
Joly to Stelco: 'Bring back the jobs'
Industry Minister Mélanie Joly, who took questions Tuesday about a fight over job cuts at a Hamilton steel plant, says Stelco's U.S. owner is in 'double violation' of its obligations under the Investm...
www.cbc.ca
October 28, 2026 at 11:27 AM
Clear statement by @melaniejolycan.bsky.social:
“Bring back the jobs and I want a timeline.”
As a mother of a young Canadian woman, having an unapologetically strong woman at the helm of Industry Canada is a delight - she’s worth a follow to inspire us all.
#Canada
www.cbc.ca/player/play/...
“Bring back the jobs and I want a timeline.”
As a mother of a young Canadian woman, having an unapologetically strong woman at the helm of Industry Canada is a delight - she’s worth a follow to inspire us all.
#Canada
www.cbc.ca/player/play/...
Not the most astute reader of rooms.
Stelco owner says he could sell plant next year after becoming 'persona non grata in Canada' | CBC News
The head of Stelco's American parent company says he's willing to sell the Hamilton-based steel plant as a dispute with the federal government looks like it's headed to the courts.
www.cbc.ca
October 28, 2026 at 11:53 AM
Not the most astute reader of rooms.
Cleveland-Cliffs is grasping at straws and the federal government must take over Stelco's Canadian assets asap.
Federal trade figures show American steel makes up more than half of Canada’s imports of galvanized and coated steel, complicating Cleveland-Cliffs’ argument that an influx of cheap overseas steel is one of the top causes of Stelco layoffs.
www.ctvnews.ca/business/art...
www.ctvnews.ca/business/art...
American steel — not overseas dumping — dominates Canadian imports, trade data shows
Federal trade figures show American steel makes up more than half of Canada’s imports of galvanized and coated steel, complicating Cleveland-Cliffs’ argument that an influx of cheap overseas steel is ...
www.ctvnews.ca
October 27, 2026 at 6:05 PM
Cleveland-Cliffs is grasping at straws and the federal government must take over Stelco's Canadian assets asap.
“What He Feels Isn’t as Relevant...”, Carney on Stelco's U.S. Owner
YouTube video by The Canadian
youtube.com
October 27, 2026 at 12:19 AM
Joly to Stelco: 'Bring back the jobs'
Industry Minister Mélanie Joly, who took questions Tuesday about a fight over job cuts at a Hamilton steel plant, says Stelco's U.S. owner is in 'double violation' of its obligations under the Investment Canada Act.
Industry Minister Mélanie Joly, who took questions Tuesday about a fight over job cuts at a Hamilton steel plant, says Stelco's U.S. owner is in 'double violation' of its obligations under the Investment Canada Act.
Joly to Stelco: 'Bring back the jobs'
Industry Minister Mélanie Joly, who took questions Tuesday about a fight over job cuts at a Hamilton steel plant, says Stelco's U.S. owner is in 'double violation' of its obligations under the Investm...
www.cbc.ca
October 27, 2026 at 3:20 PM
Joly to Stelco: 'Bring back the jobs'
Industry Minister Mélanie Joly, who took questions Tuesday about a fight over job cuts at a Hamilton steel plant, says Stelco's U.S. owner is in 'double violation' of its obligations under the Investment Canada Act.
Industry Minister Mélanie Joly, who took questions Tuesday about a fight over job cuts at a Hamilton steel plant, says Stelco's U.S. owner is in 'double violation' of its obligations under the Investment Canada Act.
When you, a US CEO, go on the Canadian national broadcaster and admit before everyone that you bought up a strategically critical Canadian company specifically so that you could hobble it and keep it from impacting your US interests, that is what we in the business call a "whoopsie".
Government called its lawyers after U.S. steel CEO's 'confessions' over why he bought Stelco, Joly says | CBC News
Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting...
www.cbc.ca
October 28, 2026 at 5:36 PM
When you, a US CEO, go on the Canadian national broadcaster and admit before everyone that you bought up a strategically critical Canadian company specifically so that you could hobble it and keep it from impacting your US interests, that is what we in the business call a "whoopsie".
Cleveland-Cliffs CEO Lourenco Goncalves confessed on national television to having acquired Stelco with a fraudulent intent.
The Government of Canada is now in a dominant position to take legal action, including nationalizing Stelco.
www.cbc.ca/news/politic...
The Government of Canada is now in a dominant position to take legal action, including nationalizing Stelco.
www.cbc.ca/news/politic...
Government called its lawyers after U.S. steel CEO's 'confessions' over why he bought Stelco, Joly says | CBC News
Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting...
www.cbc.ca
October 28, 2026 at 8:03 PM
Cleveland-Cliffs CEO Lourenco Goncalves confessed on national television to having acquired Stelco with a fraudulent intent.
The Government of Canada is now in a dominant position to take legal action, including nationalizing Stelco.
www.cbc.ca/news/politic...
The Government of Canada is now in a dominant position to take legal action, including nationalizing Stelco.
www.cbc.ca/news/politic...
U.S. steel CEO's 'confessions' for buying Stelco prompted government to call its lawyers: industry minister.
Cleveland-Cliffs CEO said he bought Stelco to stop it 'undercutting' his products in the U.S..
www.cbc.ca/news/politic...
Cleveland-Cliffs CEO said he bought Stelco to stop it 'undercutting' his products in the U.S..
www.cbc.ca/news/politic...
Government called its lawyers after U.S. steel CEO's 'confessions' over why he bought Stelco, Joly says | CBC News
Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting...
www.cbc.ca
October 28, 2026 at 6:28 PM
U.S. steel CEO's 'confessions' for buying Stelco prompted government to call its lawyers: industry minister.
Cleveland-Cliffs CEO said he bought Stelco to stop it 'undercutting' his products in the U.S..
www.cbc.ca/news/politic...
Cleveland-Cliffs CEO said he bought Stelco to stop it 'undercutting' his products in the U.S..
www.cbc.ca/news/politic...
Cleveland-Cliffs says Stelco in 'full compliance' with commitments to Ottawa, wants to meet with Joly
'We have a very strong case,' says industry minister after giving Stelco's owner 15 days to reverse layoffs
'We have a very strong case,' says industry minister after giving Stelco's owner 15 days to reverse layoffs
Cleveland-Cliffs says Stelco in 'full compliance' with commitments to Ottawa, wants to meet with Joly | CBC News
Stelco’s Ohio-based parent company says that after "an exhaustive review of its compliance with each of its 34 undertakings," it is in "full compliance" with the obligations it made under the Investme...
www.cbc.ca
October 27, 2026 at 3:18 PM
Cleveland-Cliffs says Stelco in 'full compliance' with commitments to Ottawa, wants to meet with Joly
'We have a very strong case,' says industry minister after giving Stelco's owner 15 days to reverse layoffs
'We have a very strong case,' says industry minister after giving Stelco's owner 15 days to reverse layoffs
@davidwcochrane.bsky.social
Thanks for your skill in getting to the truth. Good questions and making your interview subjects comfortable enough to feel they’re just having a conversation 😊
Gets Canadians the info we need to know
www.cbc.ca/news/politic...
Thanks for your skill in getting to the truth. Good questions and making your interview subjects comfortable enough to feel they’re just having a conversation 😊
Gets Canadians the info we need to know
www.cbc.ca/news/politic...
Government called its lawyers after U.S. steel CEO's 'confessions' over why he bought Stelco, Joly says | CBC News
Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting...
www.cbc.ca
October 28, 2026 at 7:31 PM
@davidwcochrane.bsky.social
Thanks for your skill in getting to the truth. Good questions and making your interview subjects comfortable enough to feel they’re just having a conversation 😊
Gets Canadians the info we need to know
www.cbc.ca/news/politic...
Thanks for your skill in getting to the truth. Good questions and making your interview subjects comfortable enough to feel they’re just having a conversation 😊
Gets Canadians the info we need to know
www.cbc.ca/news/politic...
Expropriate and nationalize in every critical sector
www.cbc.ca/news/politic...
www.cbc.ca/news/politic...
Government called its lawyers after U.S. steel CEO's 'confessions' over why he bought Stelco, Joly says | CBC News
Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting...
www.cbc.ca
October 28, 2026 at 6:02 PM
Expropriate and nationalize in every critical sector
www.cbc.ca/news/politic...
www.cbc.ca/news/politic...
CBC: Corporation Broadcast Confessions
Government called its lawyers after U.S. steel CEO's 'confessions' over why he bought Stelco, Joly says | CBC News
Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting...
www.cbc.ca
October 28, 2026 at 5:06 PM
CBC: Corporation Broadcast Confessions