Shipping and Logistics
Port of Hamilton Receives Government Funding for Steel Handling
Written by Laura Miller
November 22, 2022
As steel volumes continue to grow, the Port of Hamilton, Ontario, is receiving funding from the Canadian government to increase its steel handling productivity.
Canada’s National Trade Corridors Fund is providing CAD $4.9 million (US $3.65 million) in funding to relieve supply chain congestion at the port. The waterway is a critical piece of infrastructure for the country’s steel, automotive, construction, furniture, appliances, and pre-engineered buildings industries.
The investment is part of the Hamilton-Oshawa Port Authority’s (HOPA) CAD $9.8 million project meant to better the transfer of steel products between transportation modes at the port.
As part of the project, a new, 20,000-square-meter rail transload facility will be built at Pier 15, designed exclusively to handle steel products. The move will add more than 100,000 metric tons of new steel handling capacity.
“As the largest port in Ontario, the Port of Hamilton is the key supply chain gateway for steel and other essential goods that feed the region’s economy. This investment will help to ensure a reliable supply of steel necessary for residential and civil construction projects and for Ontario manufacturers,” commented HOPA president and CEO Ian Hamilton in a press release announcing the funding.
Both flat-rolled steel producers Stelco and ArcelorMittal Dofasco are based in Hamilton.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
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