Stelco Inc. will shut its 56-inch hot strip mill in Hamilton in another job-reduction move that will eliminate 300 jobs at the Hamilton works. Hot strip processing will be transferred to the Lake Erie works, Stelco said Thursday. Stelco has already reduced employment in Hamilton by about 900 people since emerging from protection under the Companies' Creditors Arrangement Act about a year ago. The Hamilton hot strip mill, which has operated since the 1940s, has served the market well through the years, but has become a high cost operation with limited support from the marketplace, Stelco said in a statement. The shift in production follows an expansion of the Lake Erie works after a $270-million modernization program.
Approximate Affected Workforce: 101-500
Source: globeandmail.com - April 5, 2007
