PLANT

News Manufacturing Metals General Production
November 12, 2020  

Stelco loses $88M as prices fall and upgrade project stifles shipments

They fell over the summer as the company upgraded its blast furnace.

News Metals General
February 20, 2020  

Stelco reports Q4 loss on challenging market conditions, steel price drop

Average steel selling price for the quarter was down 28% compared with last year.

News Manufacturing Metals General
November 13, 2019  

Stelco makes no net profit in Q3 as revenues drop 23%

Revenues were $475 million, down from $619 million in the third quarter of 2018.

News Manufacturing Metals General
May 9, 2019  

Stelco buys remaining 37 acres next to Hamilton Works

Plans to capitalize on the demand for industrial lands in the Greater Toronto and Hamilton Area.

News Government Manufacturing Metals General
April 15, 2019  

Stelco pushes PM for help dealing with ‘changing landscape’ for steel

Emergency import restrictions on seven products that posed a “serious threat” to Canada’s steel industry are about to expire.

News Manufacturing Metals General
March 6, 2019  

Stelco supports its intelligent operations with AI deal

Canvas Analytics technology to bridge the gap between workforce knowledge and curated IoT.

News Manufacturing Metals General
February 21, 2019  

Stelco says measures help steel prices as it focuses on domestic market

US tariffs have helped accelerate the steel maker’s plans to focus on under-served markets in Canada.

News Government Manufacturing Metals Minerals Economy
November 15, 2018  

Stelco shares climb more than 10 per cent as CEO downplays tariff impacts

The Hamilton-based steel producer paid about $39 million in tariffs in the third quarter.

News Manufacturing Metals General
November 14, 2018  

Stelco reports earnings of $125M in Q3, a sharp jump from last year

Volumes shipped by the Hamilton steelmaker surged more than 42% to 586 million tons.

News Manufacturing Metals General
May 2, 2018  

Stelco says higher steel demand fuels Q1 volume and price growth

Revenue up 7% , but short of analyst expectations of $510 million.

News Manufacturing Metals General
February 22, 2018  

Stelco net income higher in first report since IPO launch

Plans to use the money for capital investments, pension payments, and to increase its offerings in specialized steel products.

News Manufacturing Metals General
October 23, 2017  

Stelco looking to raise $200M in IPO, shares priced between $16 and $18

Bedrock Industries is expected to hold a roughly 86.5% interest in the company following the offering.

News Manufacturing Metals Business Operations General Operations Production
June 8, 2017  

Steelworkers ratify agreements in Stelco restructuring

New contracts maintain wages, benefits, pensions and other terms for 540 USW members.

News Manufacturing Metals Business Operations General Operations Production
December 12, 2016  

Stelco seeks court OK to move ahead with restructuring

Proposal would preserve 2,100 jobs at the company’s facilities in Hamilton and Lake Erie.

News Manufacturing Metals General
November 2, 2016  

US Steel Canada will be sold to Bedrock pending Court approval

Sale will release US Steel from all claims relating to environmental, pension and other liabilities.

News Government Manufacturing Metals General
August 10, 2016  

Essar shareholder group bidding on US Steel Canada

…But the former Stelco is not keen on the group’s offer.

News Government Manufacturing General Operations Production
April 21, 2015  

USW wants court to open “secret deal” between Feds and US Steel

Steelworkers union and the City of Hamilton have filed a joint motion in Superior Court.

News Government Manufacturing General
October 3, 2014  

Ontario objects to parts of US Steel’s financing plan

Concerned about conditions attached to $185 million in temporary funding.

News Manufacturing Metals Business Operations General Production
September 17, 2014  

US Steel Canada files for CCAA protection

Former Stelco cites $2.4B of operating losses since 2009.

News Metals Business Operations Operations
August 1, 2013  

UPDATE: Lake Erie Works steelworkers vote no to final US Steel contract

US Steel posts Q2 $79 million loss, blames labour dispute and a slow economy.

News Metals Operations
November 24, 2011  

Way cleared for Ottawa to pursue US Steel hearing

The Supreme Court of Canada has cleared the way for a Federal Court hearing on claims by Ottawa that US Steel failed to live up to jobs and production promises it made in 2007 when it bought steelmaker Stelco.

News Business Operations Operations
March 29, 2011  

Foreign control creates economic chaos

Potash Corp.

News Manufacturing Business Operations Operations
January 31, 2011  

Workers rally in Hamilton over U.S. Steel pension debacle

Labour and U.S. Steel are sticking to their guns in a pension “fiasco” being blamed on waffling by the federal Conservative government.