Cleveland-Cliffs CEO Warns Canada Against Forcing Stelco Sale

07:22 PM EDT, 10/15/2026 (MT Newswires) -- Cleveland-Cliffs Inc (CLF) CEO Lourenco Goncalves warned that Canada's threatened legal action over layoffs at its Stelco unit could discourage foreign investment, Bloomberg reported Thursday, citing an interview. Canadian Industry Minister Melanie Joly said the government could seek court orders, financial penalties or a forced sale of the company's Canadian assets over employment commitments. Goncalves blamed US tariffs and trade disruptions for Stelco's losses, Bloomberg reported.