Joly asks Competition Bureau to probe Stelco deal after CEO comments
BNN Bloomberg ·
Industry Minister Mélanie Joly is asking the Competition Bureau to examine whether Cleveland-Cliffs Inc. acted in bad faith when it acquired Stelco Inc.
Industry Minister Mélanie Joly is asking the Competition Bureau to examine whether Cleveland-Cliffs Inc. acted in bad faith when it acquired Stelco Inc.
5 sources · 5 articles · updated 2026-11-06 21:42 UTC · business
BNN Bloomberg ·
Industry Minister Mélanie Joly is asking the Competition Bureau to examine whether Cleveland-Cliffs Inc. acted in bad faith when it acquired Stelco Inc.
Global News ·
The federal government is asking the competition commissioner to 'thoroughly examine' if Stelco owner Cleveland-Cliffs breached the Competition Act.
CBC News ·
Canada's industry minister is asking the Competition Bureau to investigate Stelco's parent company after its CEO told CBC News that he only bought the Hamilton steelmaker to stop it undercutting his U.S. business.
The Globe and Mail ·
Lourenco Goncalves has said his company bought Stelco to stop it from flooding the U.S. market; it’s unclear what steps the regulator can take
Toronto Star ·
Industry minister lashes out a Cleveland Cliffs CEO Lourenco Goncalves: 'The company needs to face the consequences.'