Industry
Metals
‘We had your backs’, Trudeau tells steel and aluminum workers
Praised the hard work of Canadian officials leading to Trump exempting Canada from the tariffs.
Industry groups say US tariffs will cost jobs, raise prices
Several industry trade groups warn tariffs will lead to higher costs for businesses and could spark a broader trade war.
Canada dodges tariff bullet, at least for now: US grants provisional exemption
Ties the exemption that includes Mexico to a successfully concluded NAFTA deal.
Baloney Meter: Is Canadian steel and aluminum actually a security risk to US?
Trump administration’s interpretation of “national security” has been met with controversy and debate.
Trump says steel, aluminum tariff announcement coming this afternoon
Follows an intense 11th-hour debate within the US administration over how to design this policy.
White House suggests potential carve outs for Canada, Mexico on tariffs,
A final scramble on to spare Canada from the impact of the US steel, aluminum tariff plan.
Duties that protect domestic interests look attractive
…But they’re a very expensive way to retain jobs
Kobe Steel chief steps down over massive fake data scandal
Systematic misconduct spanned years, affecting products sent to more than 680 companies.
A pro Canada chorus in the US urges Trump against tariffs on neighbour
Defence secretary James Mattis said the military had more than enough steel for its needs, expressed concern broad tariffs would hurt key allies.
Trade wars are good, and easy to win: Trump
Tariffs on imports of steel and aluminum threatens a global trade fracas.
Trump defends US steel, aluminum as tariff deadlines near
Has to make decisions on steel by April 11 and on aluminum by April 19.
US proposes anti dumping duties on Chinese aluminum foil
Beijing faces complaints that a flood of Chinese aluminum, steel and other exports are being sold at unfairly low prices.
Steel tariffs a new fear on the Canada-US front, pushing NAFTA aside
One of Trump’s tariff options could hit Canada steel and aluminum producers hard.
Stelco net income higher in first report since IPO launch
Plans to use the money for capital investments, pension payments, and to increase its offerings in specialized steel products.
Trump considers global tariffs on steel imports, including Canada
EU is drawing up a list of US products to target – including orange juice and Kentucky bourbon – if Washington restricts imports of aluminum and steel.
Kinross to buy plants in Brazil to secure low-cost power for Paracatu mine
Will lower operating costs by eliminating about 70% of future power purchases.
Trump considering ‘all options’ on steel, aluminum cases
Looking at “tariffs and/or quotas” on imports arguing they pose a threat to national security.
Rio Tinto investing $250M to extend life of Vaudreuil alumina refinery
Will include construction of a filtration plant and optimization at a site to manage bauxite residue.
Quebec aluminum smelter lockout comes at perilous time
Industry association head cites potential instability in the US over NAFTA’s future while auto and housing sectors slow.
About 1,000 workers at Quebec smelter locked out after rejecting contract
A key issue is company’s intention to introduce a new-member funded pension plan.
Sonaca Montreal expands capacity with state-of-the-art gantry mill
Supplied by industrial machines manufacturer Fives Liné Machines in Granby, Que.
EU to review steel giant ArcelorMittal’s plan to buy Ilva
Feels merger may reduce competition for a number of flat carbon steel products.
Canada’s junior mining industry showing signs of recovery: PwC
Top 100 mining companies on the TSX Venture Exchange raised $2.04 billion in equity, up 174%.
Stelco looking to raise $200M in IPO, shares priced between $16 and $18
Bedrock Industries is expected to hold a roughly 86.5% interest in the company following the offering.
Stelco files for IPO to fund steelmaker’s production capabilities
Proceeds also to fund early payment to certain pension and other post-employment benefits trusts.
Canadian industries concerned about fallout from Bombardier tariffs
It has created uncertainty across the manufacturing sector also affecting those supplying raw materials.
St. Lawrence Seaway cargo shipments up 18%
Iron ore shipments grew 68% to meet higher demand from Japan and China for the key ingredient in steelmaking.
Despite promise, no decision yet from Trump on steel tariffs
Trade-offs include higher prices for consumers and manufacturers that rely on steel.
Wynne disappointed with New York’s Buy American agreement on steel
Will advocate for Ontario to receive an exemption from the policy before it comes into effect.
Steelworkers ratify agreements in Stelco restructuring
New contracts maintain wages, benefits, pensions and other terms for 540 USW members.
Federal methane emission reduction plan raises industry concerns
Requires regular checks for equipment for leaks, repairs, cleaner technologies, monitored emission levels and reports.
Missouri House passes proposal for lower electric rates
Measure to include all facilities that use more than 50 megawatts of electricity a month.
