Canada
July 5, 2023
Canada Feeling Impact of West Coast Port Strike
Written by Laura Miller
Port workers on Canada’s West Coast are on strike, and ports are already feeling the impact of the slowdown in the movement of goods.
Latest in Canada
Price on Trade: Milwaukee Framework is a step forward on steel excess capacity
Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin this week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin principles” and is a positive step in the ongoing battle against global steel market distortions. However,
Drilling activity eases in the US, moves higher in Canada
The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.
Algoma sees loss, shipments down 20% as second EAF nears first heat
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
Canada threatens legal action against Cliffs for Stelco layoffs
Canadian Prime Minister Mark Carney has threatened legal action against Cleveland-Cliffs over the layoffs announced earlier this week at its Stelco mill in Hamilton, Ontario.
Stelco to indefinitely idle Hamilton finishing ops
Stelco Holdings Inc. is indefinitely idling its finishing operations in Hamilton, Ontario. The Canadian steelmaker, a subsidiary of Cleveland-Cliffs, will concentrate steel production at its Lake Erie Works in Nanticoke, Ontario, a Cliffs spokesperson told SMU.