Metals
Metalworking Manufacturing & Production Expo
April 3rd 2019Metalworking Manufacturing & Production Expo, presented by FMA Inc., features automation equipment, industrial, meteorology equipment, machine tools and services.
Stelco shares climb more than 10 per cent as CEO downplays tariff impacts
The Hamilton-based steel producer paid about $39 million in tariffs in the third quarter.
Stelco reports earnings of $125M in Q3, a sharp jump from last year
Volumes shipped by the Hamilton steelmaker surged more than 42% to 586 million tons.
Canada could ratify new NAFTA even if U.S. tariffs stay put: Trudeau [UPDATED]
An end to tariffs on steel and aluminum was not part of the USMCA.
Remove US steel, aluminum tariffs before signing USMCA: Mexican minister
Won’t accept any American proposal to agree to a quota system on metals as a way for the US to remove the duties.
9 people killed in fiery blast at central India steel plant
Explosion was sparked by a fire in a gas pipeline in a coke oven battery complex during scheduled maintenance.
Canadian decision within weeks on steel safeguards: Bains
Government is looking at feedback from recent consultations on how to protect the industry from the risk of cheap steel imports.
Canada’s economy surges in second quarter on higher exports: StatCan
Economy rocketed to an annualized pace of 2.9 per cent in the period from April 1 through June 30.
Statistics Canada says retail sales fell 0.2 per cent to $50.7B in June
Economists had expected an increase of 0.1 per cent in June.
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Feds to launch talks on safeguards to keep steel from flooding into Canada
Consultation period on safeguards will last for 15 days, decision will follow in a few weeks.
US firms seeking Trump’s steel tariff waiver face a backlash
Companies risk being forced out of business if not excused from the 25% tariff.
Canada’s wholesale sales rise 1.2% in May: Statistics Canada
Construction materials show strength, automotive and supplies fall.
US lawmakers rip Trump tariffs enacted in name of national security
Companies are feeling the fallout of higher metals prices and trade retaliation.
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US steel tariffs prompt ADF to impose work sharing at Quebec plant
Employees at its Terrebonne plant have seen their working hours cut 40% to 60%.
Quebec offers $100M to smaller processors affected by US aluminum, steel tariffs
US customers have already warned they’ll not pay the extra bill from the surtax.
