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Stelco cuts 500 jobs citing tariffs and weak demand
Global News · Business
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- Stelco Holdings laid off up to 500 workers at Hamilton and Lake Erie facilities, citing trade crisis and weak demand.
- The layoffs follow more than 1,000 planned job cuts at Algoma Steel and closure of ArcelorMittal's Hamilton wire-drawing mill.
- Industry experts say tariffs are rippling through integrated manufacturing supply chains as steel-using companies lose U.S. sales.
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