Steel
Brazil’s Bolsonaro under fire after Trump slaps tariff on steel
US president accusing Brazil and neighbouring Argentina of manipulating their currencies and hurting American farmers.
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.
Why Trump tariffs haven’t revitalized American steelmakers
Raised costs for steel users and has done little to blunt China’s dominance of global steel production.
Heico gets $18M federal funding to diversify product mix
Company is investing $50.7 million in three facilities, creating 86 jobs.
Stelco Holdings Q2 revenue down on lower prices, market challenges
Steelmaker cites destocking, falling market prices and the 232 tariffs imposed by the US.
Sheet metal processor gets $365,000 CED funding for productivity
Repayable loan will be used to purchase and install digitally controlled production equipment.
Groupe Tremblay gets $925,925 in federal steel innovation funding
Steel company will acquire equipment to implement a new cathode plate manufacturing process and automate production.
US to apply tariffs to Mexican fabricated steel imports
Department of Commerce determined Canadian exports do not warrant the tariff.
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Trump’s steel and aluminum tariffs are lifted, but tactic failed
President’s tunnel vision alienates Western allies who have common cause in the challenges posed by China.
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.
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UPDATE: Steel and aluminum tariffs are lifted
To be removed within two days, Canada to drop all of retaliatory measures and legal actions at the WTO.
Canada-US breakthrough on cheap foreign steel could end tariffs
US moving off quotas, officials are encouraged but any deal must still get by Trump.
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Freeland leaves DC with no tariff deal, despite early US optimism
Foreign Affairs minister expressed optimism over incremental progress, but no indication of a resolution close at hand.
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End of US tariffs on Canadian, Mexican steel, aluminum close: Mnuchin
Close to an “understanding” about finally lifting the 25% duty on steel and 10% levy on aluminum imports.
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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.
