Stelco Holdings Inc. said on Monday that it plans to idle part of its Hamilton plant in order to “ensure the survival” of the company, as U.S. tariffs squeeze its sales.
Stelco said the decision will impact up to 500 employees.
In a memo obtained by CBC News on Monday, the company said it will indefinitely idle its cold-rolled and coated operations at its Hamilton Works plant, with operations set to begin winding down on Oct. 9.
