Latest news with #StéphaneBrochu
Global News
2 days ago
- Business
- Global News
ArcelorMittal Long Products Canada closing wire drawing mill in Hamilton
ArcelorMittal Long Products Canada is closing its wire drawing mill in Hamilton, putting 153 employees out of work. The company said Wednesday all of the work will now be done at its Montreal location. Company chief executive Stéphane Brochu said the change is necessary to sustain its wire drawing business. 'It will allow us to improve our operational efficiency and secure our long-term competitiveness in the demanding wire drawing market,' Brochu said in a press release. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Mike Hnatjuk, president of United Steelworkers Local 5328, which represents workers at the mill, said the U.S. tariffs were 'a nail in the coffin' for the mill that was already facing challenges. U.S. President Donald Trump recently raised steel tariffs on Canada to 50 per cent. Story continues below advertisement Hnatjuk, who expects to begin talks with the company regarding a closure agreement next week, said he's been told the company plans to stop operations by the end of the month. 'We have stuff in our collective agreement that we hope that they're going to follow and they're going to offer and are we most definitely going to try to get what's best for all this,' he said. ArcelorMittal Long Products Canada has more than 2,000 employees with operations at multiple sites in Quebec. The company produces more than two million tonnes of steel that is used in such things as rebar for the construction industry and for leaf springs in light and heavy-duty trucks.
CTV News
2 days ago
- Business
- CTV News
ArcelorMittal Long Products Canada closing wire drawing mill in Hamilton
The Logo of the steel company ArcelorMittal is pictured in Saint Denis, outside Paris, France, Wednesday, Sept. 13, 2017. (AP Photo/Michel Euler) HAMILTON — ArcelorMittal Long Products Canada is closing its wire drawing mill in Hamilton. The move will affect 153 employees. The company says all work will now be done at its Montreal location. Company chief executive Stéphane Brochu says the change is necessary to sustain its wire drawing business and will allow it to improve efficiency and secure its long-term competitiveness. ArcelorMittal Long Products Canada has more than 2,000 employees with operations at multiple sites in Quebec. The company produces more than two million tonnes of steel that is used in such things as rebar for the construction industry and for leaf springs in light and heavy-duty trucks. This report by The Canadian Press was first published June 11, 2025.
