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HAMILTON, Ontario--(BUSINESS WIRE)--
On September 28th Stelco announced that, in response to unsustainable market conditions for its cold rolled and coated products, Stelco temporarily idled our Hamilton finishing operations – a measure that impacted 175 of our employees. We are pleased to announce that we have reached agreement with a sufficient volume of our customers to restart our Hamilton finishing operations and recall all 175 workers on December 1st.
During the intervening period, Stelco has been in constant communication with our valued customers who have expressed great interest in working with Stelco and a desire for us to provide them with the high-quality products our Hamilton finishing facility is known for producing. Our customers have committed to support our Hamilton finishing operations despite the lack of response from the federal government to address the shortfalls in their tariff response program and the continued flood of offshore imports of galvanized products that have eroded our domestic market.
While the restart of our operations will take several weeks, as a measure of good faith to our employees we are recalling our workforce effective December 1st.All impacted employees will also be made whole retroactively for the standard wages they would have received during the period in which they were temporarily laid off.
“I would like to thank our valued customers for the faith they have placed in us, and our workers for the patience and resilience they have continued to demonstrate during this challenging period,” said Paul Simon, President of Stelco.
About Stelco
Stelco, a wholly owned subsidiary of Cleveland-Cliffs Inc., is a low cost, Canadian steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America. Stelco produces flat-rolled value-added steels, including premium-quality coated, cold-rolled and hot-rolled steel products, as well as pig iron and metallurgical coke.
MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
Cleveland-Cliffs Inc.
(216) 694-5316
Source: Cleveland-Cliffs Inc.
Key Terms
cold rolledtechnical
A metalworking process in which metal (commonly steel or aluminum) is passed through rollers at or near room temperature to reduce thickness and produce a smoother, more precise surface and tighter dimensional tolerances. Because the work is done below the metal’s recrystallization temperature, cold rolling increases strength and hardness through strain hardening but also reduces ductility; the metal is often annealed afterwards to restore formability if further shaping is required.
galvanized productstechnical
Galvanized products are metal items—most often steel or iron—whose exposed surfaces have been coated with a layer of zinc to protect them from rust and corrosion. The zinc coating is applied either by hot-dip galvanizing (immersing the metal in molten zinc) or by electro-galvanizing (using an electrical process to deposit zinc), and it protects the base metal both by creating a physical barrier and by sacrificing itself chemically if the surface is scratched. Different galvanizing methods produce coatings with different thicknesses and durability, so galvanized does not mean permanently corrosion-proof but indicates enhanced resistance compared with uncoated metal.
