Market Chatter: Cleveland-Cliffs' Canadian Unit Plans to Idle Some Steel Operations Over Tariffs

02:08 PM EDT, 09/28/2026 (MT Newswires) -- Cleveland-Cliffs' (CLF) Stelco expects to indefinitely suspend some steel operations in Hamilton, Ontario, due to disruptions caused by US tariffs, Bloomberg reported Monday, citing a company letter to customers it viewed. The Canadian steelmaker plans to idle its cold-rolled and coated operations at Hamilton Works in the coming weeks, the report said, citing the letter. Cleveland-Cliffs and Stelco didn't immediately reply to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 11.07, Change: -1.12, Percent Change: -9.15