FedDev Ontario invests in Valbruna ASW Inc.
FedDev Ontario invests $5 million for Valbruna ASW Inc.…
$5M from feds to ensure better traceability of aluminum
Follows 10% tariff slapped on Canadian aluminum by the Trump administration.
Stelco reports Q4 loss on challenging market conditions, steel price drop
Average steel selling price for the quarter was down 28% compared with last year.
Feds invest in digital tracing for steel supply chain
Funding for two firms will support a proof of concept for a using blockchain and artificial intelligence.
Trudeau government does spadework on minerals crucial to future
British firm to provide pricing forecasts and analysis of global supply and demand between 2020 and 2030.
Stelco makes no net profit in Q3 as revenues drop 23%
Revenues were $475 million, down from $619 million in the third quarter of 2018.
Glencore to close Brunswick lead smelter, 420 jobs lost
Losing money since the 2013 closure of the nearby Brunswick Mine, which produced zinc and lead.
China’s Jingye comes to the rescue of British Steel
Rescue deal potentially protects some 4,000 jobs and safeguards a strategic asset as Britain prepares to leave the EU.
Experts weigh in on lifting of tariffs on Canadian steel, aluminum
United Steelworkers called removal “good news” but wants stronger measures to protect Canadian steel.
Stelco buys remaining 37 acres next to Hamilton Works
Plans to capitalize on the demand for industrial lands in the Greater Toronto and Hamilton Area.
Stelco pushes PM for help dealing with ‘changing landscape’ for steel
Emergency import restrictions on seven products that posed a “serious threat” to Canada’s steel industry are about to expire.
ABI submits offer to end 14 month lockout at aluminum smelter
Salaries will increase by an average of least 2.55% annually over a six-year collective agreement.
Steel tariffs waived even with Trump’s tough trade talk
Commerce Department approved exemption requests from 370 companies for up to 4.1 million tons of foreign steel.
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.
NA aluminum associations urge end to tariffs before trade deal signed
Letter notes no tariffs or quotas are needed because of action already taken by the three countries.
EU tax on Harleys and other iconic US brands aims to ‘make noise’ in trade debate
Will begin taxing US imports worth $3.4 billion in response to Trump’s tariffs on European steel and aluminum.
US lawmakers rip Trump tariffs enacted in name of national security
Companies are feeling the fallout of higher metals prices and trade retaliation.
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%.
Canada beefs up anti-dumping measures ahead of US decision on duties
Exemptions expire June 1 on import duties of 25% on steel and 10% on aluminum.
Trump plans to go ahead with steel, aluminum tariffs on EU
EU has threatened to impose retaliatory tariffs on US orange juice, peanut butter and other goods in return.
Manufacturing sales point to growth in economy: analysts
Much of the growth came from price appreciation but volumes were up.
Trudeau pledges $60M for smelter, declares byelection in riding days later
Several cabinet ministers, Liberal MPs have also visited Chicoutimi-Le Fjord to distribute millions of dollars in funding to local businesses.
North America’s largest metal forming, fabricating, welding and finishing…
FABTECH Canada 2018
Trade show for the Canadian metal working industry that…
Aluminum smelting breakthrough produces oxygen instead of greenhouse gases
Process eliminates greenhouse gas emissions from traditional smelting by producing oxygen.
Stelco says higher steel demand fuels Q1 volume and price growth
Revenue up 7% , but short of analyst expectations of $510 million.
US delays steel, aluminum levies another month to June 1
Objective of limiting imports is to keep out excess Chinese supply that has depressed global prices.
Canada among countries watching US in suspense as tariff deadline hits
Hoping to win another exemption, along with Mexico, to negotiate changes to NAFTA.
US manufacturers seek relief from steel and aluminum tariffs
Nearly 2,200 companies are asking the Commerce Department for exemptions.
China files trade complaint against US over steel tariffs
Beijing says Trump’s additional duties of 25% on steel and 10% on aluminum violate international trade rules.
Canada gives border security extra powers to crack down on cheap steel, aluminum
More flexibility to determine whether prices in countries of origin are reliable or distorted.
China shrinks steel industry slowly, drawing Western ire
American and European anger targets a flood of low-cost exports that is double the volume of second-place Japan.