Overview

• ArcelorMittal announced on June 11 that the Hamilton wire drawing mill will shut down permanently in the coming weeks.
• CEO Stéphane Brochu said the restructuring is essential to sustain the wire drawing business and improve efficiency.
• Montreal will absorb all wire drawing operations, serving telecommunications, construction and automotive markets.
• The company’s decision follows U.S. tariff hikes on steel and aluminum imports effective June 4, excluding Britain.
• Canadian industry groups and a major union have warned that U.S. levies could lead to more job losses and that Canada is preparing retaliatory measures.