What is the real story on the Stelco plant idling and job losses in Canada?

  Stelco Holdings, owned by Ohio-based Cleveland-Cliffs since a $3.4-billion acquisition in late 2024, announced it will indefinitely idle cold-rolled and coated operations at its Hamilton Works plant beginning around October 9. The company says the move is required “to help ensure the survival of Stelco.” About 350 workers at Hamilton are expected to be […]

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Mesabi Metallics will be building the largest steel plant in American history in the great state of Iowa.

President Donald Trump announced Monday that Mesabi Metallics will construct a roughly $15 billion steel complex in Iowa—described by the White House as the largest steel plant in U.S. history. Combined with additional investment to complete the company’s Minnesota iron ore operations, the integrated project is valued at about $18 billion. The plant is slated […]

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The UK’s Net Zero Policies Strike Again as Ineos Halts Three Chemical Plants Due to High Energy Costs

Ineos, the chemicals giant owned by Sir Jim Ratcliffe, is idling all three of its world-scale acetyls plants in Hull, northern England. The facilities—Europe’s last remaining plants of their kind—produce essential feedstocks for pharmaceuticals, clothing, cosmetics, detergents, construction materials, and military explosives. Two have already stopped production; the third will follow in days. The site […]

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South Korea’s Hyosung Heavy Industries has locked in ₩386.5 billion (about $277–$287 million) in ultra-high-voltage transformer contracts with two unnamed U.S. Big Tech companies for new AI data centers—one in the South and one in the North.

The award is smaller than some of Hyosung’s earlier 2026 utility mega-deals, but it is strategically important: hyperscalers are now buying grid hardware directly, and Hyosung is one of the few firms that can deliver 765 kV equipment from a U.S. factory. The split is ₩220 billion of 765 kV transformers for the southern site […]

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Canada’s Tariff Strategy Designed To Interfere With U.S. Midterm Elections. How many jobs will be sacrificed for Carney to win?

Late last month, Prime Minister Mark Carney pulled Canadian negotiators from the table and walked away from what the White House called the most preferential market access any country had received. The United States had proposed deep cuts on steel, aluminum, autos, lumber, and more. Carney rejected it. On September 8, Canada’s dollar-for-dollar retaliatory tariffs […]

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