Source-linked briefing Business

Stelco buyer’s remarks prompted Canada to consult lawyers, minister says

Stelco buyer’s remarks prompted Canada to consult lawyers, minister says

Canada’s industry minister said she contacted departmental lawyers after the head of Stelco’s U.S. parent told CBC he bought the Hamilton steelmaker to prevent it from undercutting his American plants. The comments raised concerns about competitiveness and compliance related to the acquisition.

Original headline

U.S. steel CEO's 'confessions' for buying Stelco prompted government to call its lawyers: industry minister