Steven Guilbeault announces exit from Canadian politics
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Steven Guilbeault
Canada
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Cleveland-Cliffs CEO faces legal scrutiny over Stelco acquisition
Industry Minister Mélanie Joly is consulting lawyers after Cleveland-Cliffs CEO admitted buying Stelco to stop it from undercutting U.S. prices. The government threatens legal action over potential violations of Investment Canada Act undertakings. CEO Lourenco Goncalves stated he intends to sell the company in the future.