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Stelco is involved in major segments of the steel industry through its integrated steel business, mini-mills, and manufactured products businesses. The integrated steel segment provides steel for automotive, transportation, construction, and pipe and tubular manufacturers, etc. As of March 2005, the company had a workforce of 9, 143.
Besides the factors of increased cost of raw materials and energy, and a significant strengthening in the Canadian dollar, Stelco continues to face a high level of low-priced imported steel products in the Canadian marketplace. The foreign steel producers dump their products on the Canadian market at prices below what they sell in their home countries or lower than their production cost...
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