News
Steel producers association unhappy with tariff remission program extensions
16+ hour, 43+ min ago (191+ words) OTTAWA " The head of the Canadian Steel Producers Association says Ottawa's latest extension of a program that offsets the cost of tariffs in some sectors fails to encourage domestic firms to diversify away from the United States. The horizontal tariff…...
Cold Formed Steel delivers resilience in the face of severe weather
1+ week, 17+ hour ago (386+ words) More extreme weather is coming this year. The Intergovernmental Panel on Climate Change report released in 2023 predicted with a high level of confidence "the proportion of intense Tropical Cyclones (TCs), average peak TC wind speeds and peak wind speeds of…...
Quebec aluminum smelters more resilient than expected despite U. S. tariffs
1+ week, 1+ day ago (668+ words) MONTREAL " A major aluminum association in Canada says the impact of U. S. tariffs on the industry has been less dire than expected. Jean Simard, president and CEO of the Aluminum Association of Canada, says the industry is operating at 95 per cent…...
Middle East conflict heightens construction cost uncertainty says T&T economist
1+ week, 1+ day ago (619+ words) An economist with construction forecasting consultant Turner & Townsend says the conflict in the Middle East adds another layer of uncertainty to material costs in 2026. Kris Hudson, Toronto-based economist and director at Turner & Townsend, recently addressed market cost conditions following up…...
Canadian steel companies pay millions after U. S says they didn't pay proper tariffs
3+ week, 5+ day ago (175+ words) WASHINGTON " The U. S. Department of Justice says two Canadian steel companies have agreed to pay $19 million to resolve allegations they knowingly failed to pay proper duties on flat-rolled steel manufactured in Europe and Asia. The department says in a news release…...
Algoma Steel continues to grapple with U. S. tariffs as net loss widens
1+ mon, 2+ day ago (173+ words) SAULT STE. MARIE, ONT. " The chief executive of Algoma Steel Group Inc. says U. S. tariffs on steel imports continue to define its operating landscape, as the company's net loss widened during its latest quarter. Algoma CEO Rajat Marwah says the company…...
Algoma Steel's fourth quarter loss widens to $364. 7 M from $66. 5 M last year
3+ mon, 2+ hour ago (169+ words) SAULT STE. MARIE, ONT. " Algoma Steel Group Inc. reported a net loss of $364. 7 million in the fourth quarter compared with a net loss of $66. 5 million during the same period a year earlier. " That amounted to a net loss per common…...
B. C. forestry workers, other sectors hurt by tariffs to get $70 M in jobs training
3+ mon, 1+ week ago (318+ words) VICTORIA " Workers in B. C. s softwood lumber industry and those in other sectors who have lost their jobs because of U. S. tariffs will benefit from almost $71 million in funding for retraining. Federal Jobs Minister Pat Hajdu and Sheila Malcolmson, the minister of…...
Green steel" production hits the pause button
3+ mon, 2+ week ago (845+ words) The world needs steel for almost everything and global production continues to grow. However, making steel involves a carbon-heavy process that produces as much as 9. 0 per cent of all human-based CO2 emissions. Efforts to reduce the emissions associated with the traditional…...