Tariffs and fear of protectionism are negatively impacting exporters, but USMCA has improved business sentiment.
Metalworking Manufacturing & Production Expo
April 3rd 2019
Metalworking Manufacturing & Production Expo, presented by FMA Inc., features automation equipment, industrial, meteorology equipment, machine tools and services.
The Hamilton-based steel producer paid about $39 million in tariffs in the third quarter.
Volumes shipped by the Hamilton steelmaker surged more than 42% to 586 million tons.
An end to tariffs on steel and aluminum was not part of the USMCA.
Won’t accept any American proposal to agree to a quota system on metals as a way for the US to remove the duties.
Explosion was sparked by a fire in a gas pipeline in a coke oven battery complex during scheduled maintenance.
Government is looking at feedback from recent consultations on how to protect the industry from the risk of cheap steel imports.
Economy rocketed to an annualized pace of 2.9 per cent in the period from April 1 through June 30.
Economists had expected an increase of 0.1 per cent in June.
Consultation period on safeguards will last for 15 days, decision will follow in a few weeks.
Companies risk being forced out of business if not excused from the 25% tariff.
Construction materials show strength, automotive and supplies fall.
Companies are feeling the fallout of higher metals prices and trade retaliation.
Employees at its Terrebonne plant have seen their working hours cut 40% to 60%.