Stelco owner says he could sell plant next year after becoming 'persona non grata in Canada' - CBC

Stelco's future uncertain as Lourenco Goncalves eyes sale

Lourenco Goncalves, the owner of Stelco, has indicated that he may sell the plant next year, following his designation as a 'persona non grata in Canada'. Canadian officials have expressed disappointment over the broken agreement with Cleveland-Cliffs, which has resulted in layoffs and a request for a meeting with the Industry Minister. The dominance of the U.S. steel industry in Canadian imports has triggered worries about the local steel supply. Goncalves' decision comes at a time when tensions over the Stelco agreement are causing concern for local workers and the industry.

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