Cleveland-Cliffs Cuts 500 Jobs at Stelco Hamilton Plant

Cleveland-Cliffs Cuts 500 Jobs at Stelco Hamilton Plant

Cleveland-Cliffs, Inc. announced workforce reductions tied to Stelco's Hamilton, Ontario operations in late October 2026, with up to 500 positions affected, according to Canadian media reports. The action was reported during the October 23–24 timeframe and is recorded as Materials layoffs.

Reported layoffs

• Cleveland-Cliffs, Inc. is proceeding with plans to lay off as many as 500 workers at Stelco's Hamilton plant, while having already laid off about 200 employees, Toronto Star, thecanadianpressnews.ca and BNN Bloomberg reported. The firms said Ottawa's industry minister gave the company 15 days to meet job commitments tied to Cleveland-Cliffs' 2024 acquisition of Stelco.

• Per those reports, Industry Minister Melanie Joly warned of potential penalties, including forced divestiture of Stelco's Canadian assets, if Cleveland-Cliffs does not comply with the commitments cited by the Canadian government.

• The reporting conveyed that Cleveland-Cliffs' owner, Laurenco Goncalves, described the layoffs as temporary and necessary, citing tariffs and market conditions, and that the company intends to challenge the government's actions in court.

Documentation and timing

The layoffs are recorded in the Materials sector for the period October 23–24, 2026. Public reporting by Toronto Star, thecanadianpressnews.ca and BNN Bloomberg provided the details summarized above.

Closing

Reportedly affecting 500 workers, the Cleveland-Cliffs/Stelco Hamilton action is the single Materials-sector layoff recorded for October 23–24, 2026 and involves government admonition and potential legal and regulatory responses as described in the cited Canadian news reports.