Tag: Canada

Hanwha Ocean has not definitively pulled its plans in Canada.

The busy summer for US trade, which we wrote about previously, is heating up with new Section 301 forced labor duties of 10-12.5% imposed on 60 countries and new Section 338 duties of 50% announced on certain Canadian imports.

Cleveland-Cliffs’ top executive said any restart of the blast furnace at its Dearborn Works in Michigan hinges on automakers reshoring more production to the US.

Cleveland-Cliffs Inc. narrowed its losses in the second quarter thanks to increased demand, higher prices, longer lead times, and limited import competition.

Steel exports eased 1% in May and remain significantly lower than trade of previous years.

Monthly steel imports rose back above 2 million short tons (st) in May and June, further recovering from the historic lows seen late last year, according to recent Commerce data.

Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.

CSPA says the global challenge of steel overcapacity is no longer simply a trade issue as it looks to the current USMCA review.

Toyota Motor North America plans to invest $3.6 billion to expand its San Antonio manufacturing campus.

Algoma Steel is in talks with ThyssenKrupp Marine Systems (TKMS) following the Canadian government's selection of the German company as the preferred supplier of submarines.

The Canadian government has selected a German firm to build submarines, passing on a contract from a South Korean company linked with Algoma Steel.

Steel trade groups and unions in the US have weighed in on the USMCA review process, as the US announced it would not renew the trade pact in its current form.

Canada’s Varsteel Ltd. has acquired Acier Quebec-Maritimes Inc., a steel and aluminum service center in Riviere-du-Loup, Quebec.

We asked our readers what they thought the outcome of the ongoing USMCA talks might be as far as Section 232 tariffs go. Very few see an elimination of tariffs as likely.

Algoma Steel Group expects lower shipments in its second quarter of 2026 but anticipates adjusted EBITDA to move back into the black.

The US government did not agree to renew the USMCA agreement in its current form, US Trade Representative Jamieson Greer said on Wednesday.

Washington added long steel producer Antillana de Acero and state-owned mining company Geominera to its list of sanctioned companies in Cuba.

As the US enters negotiations and possible annual reviews of the USMCA, policymakers should preserve the S232 tariffs, which have clearly been necessary to protect the US steel industry.

South Korea has overtaken Canada as the top foreign supplier of steel to the US market.

Canada’s steel production dropped sharply in May, falling 15% year over year and running 14% lower year-to-date, according to Earth-i’s Savant Global Monitoring Index. May’s production was just under 900,000 metric tons.

US steel exports improved 2% from March to April to the highest monthly volume seen in 13 months. Although up, trade remains historically low

SMU and AMU are pleased to announce that Wells Fargo Managing Director Timna Tanners will be joining us for a Community Chat webinar on Wednesday, June 24, at 11 am ET.

After reaching historic lows late last year, import volumes have increased each month of 2026, according to recently released US Commerce Department data.

The United States has repeatedly called for stronger action to protect North American manufacturing. Canadian steel agrees. We are ready to do the work necessary. Now Washington must remove the tariffs that stand in the way.

Canada plans to extend tariffs on certain steel and aluminum products for one year, Minister of Finance and National Revenue François-Philippe Champagne announced.

Prime Minister Mark Carney asserted the Canadian and US governments should cooperate more closely on auto manufacturing, steel, critical minerals and aluminum.

Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA) called the past year’s 50% tariff imposed on Canada’s steel exports to the US ‘severe and unsustainable.’ 

AISI's Kevin Dempsey argues USMCA needs stronger rules of origin to strengthen manufacturing.

Canadian Steel Producers Association President and CEO stepping down July 31.

US trade policy is working. Domestic steel production is up, steel imports are down, and members of the Steel Manufacturers Association are leading record investment in safe, modern, efficient steelmaking capacity. It is important that the USMCA review process continues to support these achievements.