Cleveland-Cliffs says Stelco in 'full compliance' with commitments to Ottawa, wants to meet with Joly

Cleveland-Cliffs, Stelco's parent company, has declared that the Canadian steelmaker is fully compliant with all its obligations under the Investment Canada Act after a thorough review. This comes as the company seeks a meeting with Canada's Minister of Innovation, Science and Industry, Joly, to discuss the terms of the 2024 acquisition. The compliance statement is significant because it addresses concerns raised by Ottawa regarding potential impacts on competition and employment in the steel industry, reinforcing Cleveland-Cliffs' commitment to meeting Canadian regulatory standards.