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Canada - Latest news GMK Center

Photo – Canadian steelmakers have called for an end to the tariff war between the US and Canada
Canadian steelmakers have called for an end to the tariff war between the US and Canada

Following the introduction of a 50% tariff on Canadian steel, imports of the product into the US fell sharply

Photo – Canada will extend its tariffs on steel and aluminium imports for a further year
Canada will extend its tariffs on steel and aluminium imports for a further year

The country is also extending preferential tariffs on certain US products

Photo – Tenaris is investing more than $300 million in pipe production in Canada
Tenaris is investing more than $300 million in pipe production in Canada

The project in Sault Ste. Marie will expand OCTG production and create up to 200 jobs

Photo – Canada is launching a $730 million program for industry in response to U.S. tariffs
Canada is launching a $730 million program for industry in response to U.S. tariffs

Preferential loans will support steel, aluminum, and copper producers amid trade pressures

Photo – The Canadian government is being urged to recognize coking coal as a critical mineral
The Canadian government is being urged to recognize coking coal as a critical mineral

This statement was made by the industry association amid recently announced agreements with India

Photo – Trade wars: how Trump’s factor affects the global economy
Trade wars: how Trump’s factor affects the global economy

The US president continues to use tariffs as an argument in economic and political disputes

Photo – Canada imposes temporary anti-dumping duties on imports of OCTG pipes
Canada imposes temporary anti-dumping duties on imports of OCTG pipes

Protective measures apply to products from five countries

Photo – Canada’s Algoma Steel to lay off 1,000 workers due to impact of US tariffs
Canada’s Algoma Steel to lay off 1,000 workers due to impact of US tariffs

The company will switch to producing steel exclusively in EAFs a year earlier than planned

Photo – South Korea criticizes Canada’s new protective measures on steel
South Korea criticizes Canada’s new protective measures on steel

This could harm Korean investment in the country, said the deputy minister of trade

Photo – Canada announces additional protective measures to support steel producers
Canada announces additional protective measures to support steel producers

The country will introduce a new 25% tariff on steel derivatives in December

Photo – Canada’s Algoma Steel has finalized a $500 million government financing agreement
Canada’s Algoma Steel has finalized a $500 million government financing agreement

Funding will help the company accelerate its transition to electric arc production

Photo – Canadian steel companies announce steel price increases
Canadian steel companies announce steel price increases

Stelco and ArcelorMittal raise prices for Canadian customers amid limited access to US market

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