Canada
July 16, 2026
SSAB plans to discontinue CTL operations at Toronto facility
Written by Kristen DiLandro
Steelmaker SSAB will not renew the lease for its Toronto cut-to-length (CTL) facility and plans to permanently discontinue operations later this year.
On Thursday, a spokesperson from the Sweden-headquartered company confirmed its plans with SMU.
“As part of SSAB’s ongoing responsibility to evaluate our facilities, business performance, and long-term growth opportunities, we have made the decision not to renew the lease for our Toronto cut-to-length facility,” the spokesperson said.
The spokesperson added, “As a result, operations at the site will be permanently discontinued later this year, prior to the current lease ending in May 2027.”
This SSAB location serves as a cut-to-length processing facility. In addition, it stocks steel inventory and acts as a distribution hub for end-market users.
SSAB will withhold any additional commentary until after its latest financial report, scheduled for July 22.
