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Feds will force sale of Stelco’s Canadian assets if layoffs aren’t rescinded — and Ottawa could take a stake: Joly

Federal Industry Minister Mélanie Joly says the government will force a sale of Stelco’s Canadian operations if planned layoffs aren’t rescinded — and she didn’t rule out Ottawa taking a stake.

“They must keep the jobs in Canada or face the prospect of having to sell their Canadian assets,” Joly warned U.S.-based Cleveland-Cliffs in a speech to the Canadian Club in Toronto Friday.

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