HAMILTON – ArcelorMittal Long Products Canada has announced the closure of its wire drawing mill located in Hamilton, a decision that will impact 153 employees. The company has stated that all operations related to wire drawing will now be consolidated at its facility in Montreal.

Stéphane Brochu, the company's chief executive, emphasized that this strategic move is essential for the sustainability of their wire drawing business. He explained that the consolidation will not only enhance operational efficiency but also help secure the company's long-term competitiveness in the steel market.

ArcelorMittal Long Products Canada is a significant player in the steel industry, employing over 2,000 people across multiple sites in Quebec. The company is known for producing more than two million tonnes of steel annually, which is used in various applications, including rebar for construction projects and leaf springs for both light and heavy-duty trucks.

This closure in Hamilton is part of a broader trend in the manufacturing industry, where companies are increasingly looking to streamline operations and reduce costs. With the increasing competitiveness in the global steel market, such moves are critical to maintaining efficiency and profitability.

The decision to close the Hamilton mill will not only affect the employees directly involved but may also have ripple effects on the local economy. The loss of jobs in a community can have lasting impacts, and the transition for those affected will be a significant challenge.

In summary, ArcelorMittal Long Products Canada is taking decisive action to adapt to changing market conditions by closing its Hamilton wire drawing mill. By centralizing operations in Montreal, the company aims to improve its efficiency and strengthen its market position. However, this will come at a cost to the local workforce and the broader Hamilton community.