Canada exploring Stelco nationalization, industry minister says
16/10/2026 18:41
Canada exploring Stelco nationalization, industry minister says TORONTO, Oct 16 (Reuters) - Canada is exploring all options under the Investment Canada Act to consider nationalizing steel maker Stelco, owned by US-listed Cleveland Cliffs CLF.N, Industry Minister Melanie Joly said on Friday in Toronto.
"We believe there has been multiple breaches of commitments (by Cleveland Cliffs) and section 40 of the ICA offers options through a court process to make sure the company obliges to the commitment made," Joly said
(Divya Rajagopal in Toronto; Editing by Chris Reese)
((divya.rajagopal@thomsonreuters.com, Phone- +16472628751))
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