Economy

JFE Shoji Expanding in Canada
Written by Laura Miller
September 30, 2022
JFE Shoji continues to invest and expand in North America.
JFE Shoji Power Canada Inc. announced it will invest $20 million over the next 18 months to expand production of electrical transformer cores for use in oil-filled distribution and larger power transformer markets. This will increase its use of electrical steel, a product which is seeing increasing demand for its use in power transformers as well as electrical vehicles.
“The demands on expanding and upgrading our electrical grid and enabling the transition to more sustainable electrical power generation systems are significant,” said Ron Harper, president and CEO of Burlington, Ontario-based JFE Shoji Power Canada in a press release.
“JFE Shoji is committed to being a leading company in the investments in our supply chain to support expanded electrification of our communities and the decarbonization of our emissions. There have been many challenges to growth in the past year, and we intend to meet those challenges head on with investments in people, production equipment and automation,” Harper said.
JFE Shoji Power Canada provides products and services to electrical transformer OEMs across North America. Its parent company, JFE Shoji Corp., is an electrical steel producer based in Tokyo.
Los Angeles-based JFE Shoji America Holdings Inc. recently acquired steel framing company California Expanded Metal Products Co. (CEMCO).
By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller
Read more from Laura MillerLatest in Economy

US sets Section 232 tariffs on trucks and buses
Medium- and heavy-duty trucks (MHDV) and buses imported to the US will start being charged Section 232 tariffs beginning Nov. 1.

AMU: Consumer auto delinquencies: Warning sign for consumer health?
The Consumer Federation of America estimates rising total auto debt at a staggering $1.66 trillion, along with increasing repossessions and a sharp increase in delinquencies.

Beige Book: Regional market growth remains mostly flat
Economic growth in some US regions in September was offset by challenges in others, causing the market to appear largely unchanged overall, according to the Federal Reserve’s latest Beige Book report.

ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.

Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.