Industry Minister Mélanie Joly warned the U.S.-based owner of Stelco of potential forced asset sale over job commitments. The warning came during a speech at the Canadian Club in Toronto. Joly cited layoffs at the Ontario-based steelmaker as a concern. The company is owned by Cleveland-Cliffs, a U.S. Steel producer. The minister emphasized job commitments made during the purchase of Stelco. She mentioned financial penalties as a possible consequence. The threat includes forced divestiture of Canadian assets. The situation involves a dispute over employment conditions. The minister’s remarks highlight regulatory oversight. The issue relates to corporate responsibility in Canada. The steelmaker faces pressure to retain jobs. The government is enforcing compliance with purchase terms. The situation reflects broader regulatory concerns. The outcome depends on the company’s actions. The warning underscores government intervention in corporate decisions. The case highlights tensions between foreign ownership and local labor standards.