ArcelorMittal's Canadian unit to close Hamilton wire drawing mill, lay off 153 workers

Layoffs and Restructuring: ArcelorMittal's Canadian long products unit is laying off 153 workers and permanently shutting down its wire drawing mill in Hamilton, Ontario, as part of a restructuring to consolidate operations in Montreal.

Impact of U.S. Tariffs: The layoffs come in the wake of increased U.S. tariffs on steel and aluminum imports, which have raised concerns among Canadian companies and unions about potential job losses and reduced sales.