Canada orders probe into possible action against Cleveland-Cliffs
CLF•Canadian Industry Minister Melanie Joly asked the country’s competition commissioner whether action could be taken against Cleveland-Cliffs. She cited CEO Lourenco Goncalves’s comments that the company bought Stelco to curb its ability to sell steel into the U.S.
1. Request for review
Joly said she had asked Canada’s competition commissioner whether action could be taken against Cleveland-Cliffs. In a letter, she cited CEO Lourenco Goncalves’s interview comments that the company bought Canada’s Stelco plant to curb its ability to sell steel into the U.S. Joly is separately threatening action over plans to cut Stelco’s workforce.
