Canada News — GMK Center https://gmk.center/en/tag/canada/ This is an informational-analytical, discussion platform Fri, 19 Jun 2026 08:55:44 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png Canada News — GMK Center https://gmk.center/en/tag/canada/ 32 32 <![CDATA[US steelmakers are calling for clearer smelting and casting rules under the USMCA]]> https://gmk.center/en/news/us-steelmakers-are-calling-for-clearer-smelting-and-casting-rules-under-the-usmca/ Fri, 19 Jun 2026 09:59:27 +0000 https://gmk.center/?post_type=news&p=125215 Amid negotiations to revise the USMCA, the US steel sector is calling for stricter smelting and casting rules that would more clearly define North American-produced steel. Kevin Dempsey, president of the American Iron and Steel Institute (AISI), spoke about this in an interview with Platts during an industry forum. According to him, under the current […]

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]]> <![CDATA[Canadian steelmakers have called for an end to the tariff war between the US and Canada]]> https://gmk.center/en/news/canadian-steelmakers-have-called-for-an-end-to-the-tariff-war-between-the-us-and-canada/ Fri, 05 Jun 2026 08:54:45 +0000 https://gmk.center/?post_type=news&p=124542 The Canadian Steel Producers Association (CSPA) has called for an end to the tariff war between the US and Canada and for closer cooperation to strengthen North America. This is stated in a corresponding statement from the CSPA. As noted by the industry association, the country’s steel industry has endured a year of 50 per […]

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]]> <![CDATA[Canada will extend its tariffs on steel and aluminium imports for a further year]]> https://gmk.center/en/news/canada-will-extend-its-tariffs-on-steel-and-aluminium-imports-for-a-further-year/ Thu, 04 Jun 2026 08:46:57 +0000 https://gmk.center/?post_type=news&p=124475 Canada will extend tariff rate quotas (TRQs) and preferential tariffs on imports of certain types of steel and aluminium from the US for a further year. This was announced by the country’s Finance Minister, François-Philippe Champagne, according to a government statement. He cited the need to protect workers in the sector from global excess production […]

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]]> <![CDATA[Tenaris is investing more than $300 million in pipe production in Canada]]> https://gmk.center/en/news/tenaris-is-investing-more-than-300-million-in-pipe-production-in-canada/ Mon, 25 May 2026 10:21:47 +0000 https://gmk.center/?post_type=news&p=124018 Tenaris is investing over 300 million Canadian dollars in the development of the Sault Ste. Marie Industrial Centre in Ontario. The project is being implemented with support from the Canadian federal government and the Ontario government and is intended to strengthen the domestic supply chain for pipe products for the country’s energy sector, according to […]

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]]> <![CDATA[Canada is launching a $730 million program for industry in response to U.S. tariffs]]> https://gmk.center/en/news/canada-is-launching-a-730-million-program-for-industry-in-response-to-u-s-tariffs/ Tue, 05 May 2026 07:31:22 +0000 https://gmk.center/?post_type=news&p=123278 The Canadian government has announced the launch of a C$1 billion ($734.6 million) loan program to support industries negatively impacted by U.S. tariffs. The initiative is primarily aimed at companies that manufacture and export steel, aluminum, and copper products, according to Reuters. According to Industry Minister Melanie Joly, the program is part of a broader strategy […]

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]]> <![CDATA[The Canadian government is being urged to recognize coking coal as a critical mineral]]> https://gmk.center/en/news/the-canadian-government-is-being-urged-to-recognize-coking-coal-as-a-critical-mineral/ Fri, 06 Mar 2026 04:09:26 +0000 https://gmk.center/?post_type=news&p=120997 Amid recently announced coal export agreements with India, the Coal Association of Canada has emphasized the strategic importance of coking coal and the need to officially recognize it as a critical mineral. This is stated in a corresponding statement. India is rapidly expanding its steel production and seeks to secure reliable, long-term supplies of high-quality […]

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]]> <![CDATA[Trade wars: how Trump’s factor affects the global economy]]> https://gmk.center/en/posts/trade-wars-how-trumps-factor-affects-the-global-economy/ Wed, 04 Feb 2026 07:00:01 +0000 https://gmk.center/?post_type=posts&p=119579 The beginning of 2026 showed that the US is not abandoning tariffs as a tool of trade and political pressure. In January alone, Donald Trump used such threats several times, in particular against a number of European countries and Canada. Against this backdrop, the United States’ major trading partners had to come up with “defense […]

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]]> <![CDATA[Canada imposes temporary anti-dumping duties on imports of OCTG pipes]]> https://gmk.center/en/news/canada-imposes-temporary-anti-dumping-duties-on-imports-of-octg-pipes/ Fri, 26 Dec 2025 12:26:58 +0000 https://gmk.center/?post_type=news&p=118369 The Canada Border Services Agency (CBSA) has issued a preliminary ruling imposing temporary anti-dumping duties on certain oil country tubular goods (OCTG) imported from Mexico, the Philippines, Turkey, South Korea, and the United States. This was reported by Vietnam Steel. The investigation was launched in August this year following complaints from a number of manufacturers […]

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]]> <![CDATA[Canada’s Algoma Steel to lay off 1,000 workers due to impact of US tariffs]]> https://gmk.center/en/news/canada-s-algoma-steel-to-lay-off-1-000-workers-due-to-impact-of-us-tariffs/ Tue, 02 Dec 2025 11:17:15 +0000 https://gmk.center/?post_type=news&p=116985 Canadian steel producer Algoma Steel Group will lay off 1,000 employees and close its blast furnace in Sault Ste. Marie, Ontario, to reduce losses caused by US tariffs and ensure its long-term viability, CTV News reports. In early 2026, the company plans to switch to producing steel exclusively in electric arc furnaces (EAF), a year […]

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]]> <![CDATA[South Korea criticizes Canada’s new protective measures on steel]]> https://gmk.center/en/news/south-korea-criticizes-canada-s-new-protective-measures-on-steel/ Mon, 01 Dec 2025 08:02:35 +0000 https://gmk.center/?post_type=news&p=116868 South Korean Deputy Trade Minister Park Jeong-seon expressed concern over Canada’s recent announcement of tougher protective measures on steel, according to The Korea Times. At a meeting in Seoul with Alexandra Dostal, senior assistant to the deputy minister of Canada’s Ministry of Innovation, Science and Economic Development, Park called for the plan to be scrapped […]

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]]> <![CDATA[Canada announces additional protective measures to support steel producers]]> https://gmk.center/en/news/canada-announces-additional-protective-measures-to-support-steel-producers/ Thu, 27 Nov 2025 08:40:27 +0000 https://gmk.center/?post_type=news&p=116714 Canadian Prime Minister Mark Carney announced new measures to support steel producers amid trade tensions and US tariffs. Canada will limit steel imports from countries that do not have a free trade agreement (FTA) with it from 50% to 20% of 2024 levels. At the same time, volumes exceeding the quota will continue to be […]

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]]> <![CDATA[Canada’s Algoma Steel has finalized a $500 million government financing agreement]]> https://gmk.center/en/news/canada-s-algoma-steel-has-finalized-a-500-million-government-financing-agreement/ Wed, 19 Nov 2025 12:55:05 +0000 https://gmk.center/?post_type=news&p=116260 Algoma Steel Group, a leading Canadian producer of hot-rolled and cold-rolled steel, has announced the completion of a C$500 million financial agreement with the federal and provincial governments of Ontario. The financing includes $400 million from the Canadian Emergency Business Financing Corporation (CEEFC) and an additional $100 million from the Province of Ontario. Both positions […]

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]]> <![CDATA[Canadian steel companies announce steel price increases]]> https://gmk.center/en/news/canadian-steel-companies-announce-steel-price-increases/ Tue, 11 Nov 2025 13:38:33 +0000 https://gmk.center/?post_type=news&p=115802 Canadian steelmakers Stelco and ArcelorMittal announced a C$100 per short tonne increase in steel prices in Canada in letters to customers sent on November 5-6, 2025, Argus.Media reports. This decision was in response to months of concerns about the state of the Canadian steel industry and the need to support domestic profitability. According to Canadian […]

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]]> <![CDATA[Canada to exempt some steel and aluminum from the US and China from tariffs]]> https://gmk.center/en/news/canada-to-exempt-some-steel-and-aluminum-from-the-us-and-china-from-tariffs/ Tue, 21 Oct 2025 09:55:04 +0000 https://gmk.center/?post_type=news&p=114687 Canada has proposed removing tariffs on certain steel and aluminum products imported from the US and China, Reuters reports, citing a government document published late last week. The government is thus seeking to help local businesses that have been affected by trade wars. In an amendment to the order to repeal the additional tax on […]

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]]> <![CDATA[Canada hopes for agreements with the US on steel and energy]]> https://gmk.center/en/news/canada-hopes-for-agreements-with-the-us-on-steel-and-energy/ Wed, 08 Oct 2025 11:15:18 +0000 https://gmk.center/?post_type=news&p=114205 The Canadian government hopes to quickly conclude agreements on tariffs on steel and aluminum, as well as in the energy sector, following a meeting between Prime Minister Mark Carney and US President Donald Trump, Argus Media reports. Carney and Trump agreed to instruct their chief negotiators to agree on sectoral agreements, giving priority to steel, […]

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]]> <![CDATA[Nippon Steel acquires 30% stake in Canadian iron ore project Kami]]> https://gmk.center/en/news/nippon-steel-acquires-30-stake-in-canadian-iron-ore-project-kami/ Wed, 01 Oct 2025 08:02:07 +0000 https://gmk.center/?post_type=news&p=113926 Japan’s Nippon Steel Corporation has announced the completion of an agreement with Australia’s Champion Iron Limited and Japan’s Sojitz Corporation to acquire a stake in the Kami iron ore deposit in Newfoundland and Labrador, Canada. The parties have formed a joint venture, Kami Iron Mine Partnership, which will be responsible for the preparation and development […]

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]]> <![CDATA[Green steel: how Canada will do it]]> https://gmk.center/en/posts/green-steel-how-canada-will-do-it/ Wed, 01 Oct 2025 06:00:05 +0000 https://gmk.center/?post_type=posts&p=113917 Canada has significant advantages for the green transition in steel industry. First of all, it has vast reserves of iron ore – about 6 billion tons. They make it possible to produce carbon-free raw materials for steelmaking. And not only for our own needs, but also for export. The country ranks 6th in the world […]

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]]> <![CDATA[Algoma Steel to receive $500 million in support from the Canadian and Ontario governments]]> https://gmk.center/en/news/algoma-steel-to-receive-500-million-in-support-from-the-canadian-and-ontario-governments/ Tue, 30 Sep 2025 09:03:37 +0000 https://gmk.center/?post_type=news&p=113890 Canadian steel company Algoma Steel Group has agreed to raise C$500 million in liquidity to support its operations in Sault Ste. Marie, Ontario. The financing includes $400 million from the Canadian government under the Large Enterprise Tariff Loan Facility program and $100 million from the Ontario provincial government, according to a press release. The company […]

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]]> <![CDATA[Canada has lifted anti-dumping duties on Ukrainian hot-rolled steel]]> https://gmk.center/en/news/canada-has-lifted-anti-dumping-duties-on-ukrainian-hot-rolled-steel/ Tue, 23 Sep 2025 11:47:01 +0000 https://gmk.center/?post_type=news&p=113654 The Canadian International Trade Tribunal (CITT) announced the termination of its review of its November 10, 2020 decision concerning dumping of hot-rolled carbon steel sheet and high-strength low-alloy steel sheet from Ukraine. In accordance with this decision, the tribunal revoked the anti-dumping order, which means that special duties on the specified products will no longer […]

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]]> <![CDATA[Canada seeks to support the steel sector amid US tariffs]]> https://gmk.center/en/news/canada-seeks-to-support-the-steel-sector-amid-us-tariffs/ Fri, 05 Sep 2025 09:56:48 +0000 https://gmk.center/?post_type=news&p=113017 Canada’s infrastructure development will rely heavily on local steel and aluminum, according to CBC. Transport Minister Chrystia Freeland said this week that leaders in the rail, marine, and shipbuilding sectors have agreed that Canada should prioritize domestic supplies of steel products to strengthen industry and jobs. She spoke to the press outside the ArcelorMittal Dofasco […]

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]]> <![CDATA[Tenaris expands its presence in Canada with a new center in British Columbia]]> https://gmk.center/en/news/tenaris-expands-its-presence-in-canada-with-a-new-center-in-british-columbia/ Thu, 21 Aug 2025 05:21:05 +0000 https://gmk.center/?post_type=news&p=112371 Tenaris has announced the construction of a new service center in the northeastern part of British Columbia (Canada). The facility will serve the drilling operations of the company’s key clients in the Montney oil and gas region, which is one of the country’s most active energy hubs. This is stated in the company’s press release. […]

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]]> <![CDATA[Canadian metallurgists urge government to protect jobs amid US tariffs]]> https://gmk.center/en/news/canadian-metallurgists-urge-government-to-protect-jobs-amid-us-tariffs/ Thu, 14 Aug 2025 13:10:52 +0000 https://gmk.center/?post_type=news&p=112618 Canadian union United Steelworkers (USW) is urging the government to take immediate action to protect jobs, incomes, and supply chains. This is stated in the relevant statement by the USW. According to the statement, more than 20,000 members of the USW are employed in the steel and aluminum production sectors. The tariffs imposed by US President […]

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]]> <![CDATA[Trump increased tariffs for Canada to 35%]]> https://gmk.center/en/news/trump-increased-tariffs-for-canada-to-35/ Fri, 01 Aug 2025 09:44:39 +0000 https://gmk.center/?post_type=news&p=112115 US President Donald Trump increased tariffs from 25% to 35% on all Canadian goods not covered by the USMCA trade agreement from August 1. Goods transported to another country to avoid new tariffs will be subject to a 40% transshipment duty, according to a White House statement. Washington, Reuters notes, partly attributed this move to […]

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]]> <![CDATA[China criticizes Canadian steel import tariffs]]> https://gmk.center/en/news/china-criticizes-canadian-steel-import-tariffs/ Mon, 21 Jul 2025 08:05:18 +0000 https://gmk.center/?post_type=news&p=111613 The Chinese Embassy in Ottawa has criticized Canada’s new protective measures on steel imports, saying they violate World Trade Organization (WTO) rules and the global trading order, Reuters reports. The embassy’s statement was made in response to a question from the agency, as in June this year, the countries agreed to improve bilateral relations and […]

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]]> <![CDATA[Canada strengthens the system of tariff quotas for steel imports]]> https://gmk.center/en/news/canada-strengthens-the-system-of-tariff-quotas-for-steel-imports/ Thu, 17 Jul 2025 11:27:35 +0000 https://gmk.center/?post_type=news&p=111504 Canada is strengthening its steel import tariff quota system to mitigate the impact of US tariffs on its steel industry. The relevant measures were announced on the Canadian government’s website. As noted, Canadian steel producers are export-oriented and therefore vulnerable to changes in international trade policy. In 2024, they exported just over 50% of their […]

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]]> <![CDATA[Trump announces 35% tariff on imports from Canada]]> https://gmk.center/en/news/trump-announces-35-tariff-on-imports-from-canada/ Fri, 11 Jul 2025 09:06:27 +0000 https://gmk.center/?post_type=news&p=111285 US President Donald Trump has announced an increase in duties on imports from Canada to 35%, which has caused concern among industrialists and steel market participants. The new tariffs will come into effect on August 1, 2025, while Trump also announced the possible introduction of 15-20% duties for most other partner countries. This is reported […]

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]]> <![CDATA[Canada has extended the anti-dumping investigation into wire from 10 countries]]> https://gmk.center/en/news/canada-has-extended-the-anti-dumping-investigation-into-wire-from-10-countries/ Thu, 10 Jul 2025 09:33:47 +0000 https://gmk.center/?post_type=news&p=111244 The Canada Border Services Agency (CBSA) has extended the preliminary phase of its investigation into the alleged injurious dumping of certain types of carbon and alloy steel wire originating in or exported from 10 countries. These products are from China, Taiwan, India, Italy, Malaysia, Portugal, Spain, Thailand, Turkey, and Vietnam. As noted, under normal circumstances, […]

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]]> <![CDATA[Canadian steelmakers consider government’s proposed protective measures insufficient]]> https://gmk.center/en/news/canadian-steelmakers-consider-government-s-proposed-protective-measures-insufficient/ Mon, 30 Jun 2025 11:55:32 +0000 https://gmk.center/?post_type=news&p=110781 Representatives of the Canadian steel industry told government officials that the proposed measures to protect the industry from the effects of US tariffs are insufficient. This was reported by Reuters, citing sources who attended the relevant meeting at the end of last week. Steel producers met with Patrick Haley, assistant deputy minister of trade and […]

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]]> <![CDATA[Atlas Holdings to acquire Evraz North America with assets in the US and Canada]]> https://gmk.center/en/news/atlas-holdings-to-acquire-evraz-north-america-with-assets-in-the-us-and-canada/ Mon, 30 Jun 2025 09:52:57 +0000 https://gmk.center/?post_type=news&p=110763 Investment company Atlas Holdings has signed a definitive agreement to acquire Evraz Inc. NA and Evraz Inc. NA Canada, along with their subsidiaries. Evraz North America (Evraz NA) is one of the leading producers of specialty steel for the railway, energy, infrastructure, and industrial sectors in the US and Canada. The deal is expected to […]

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]]> <![CDATA[Canada is preparing to adjust countervailing duties on US steel and aluminum]]> https://gmk.center/en/news/canada-is-preparing-to-adjust-countervailing-duties-on-us-steel-and-aluminum/ Fri, 20 Jun 2025 08:36:47 +0000 https://gmk.center/?post_type=news&p=110430 Canada may increase countervailing duties on U.S.-made steel and aluminum if it fails to reach a broader trade agreement with the Trump administration within a set timeframe. This is stated in the message of the government of the country. In early June, Donald Trump doubled duties on steel and aluminum imports to the United States […]

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]]> <![CDATA[Canada considers steps to counter dumped steel imports]]> https://gmk.center/en/news/canada-considers-steps-to-counter-dumped-steel-imports/ Thu, 12 Jun 2025 08:00:10 +0000 https://gmk.center/?post_type=news&p=110118 The Canadian government will soon announce measures to combat steel dumping from abroad and help local steelmakers affected by US tariffs. This was stated by Industry Minister Melanie Joly, Bloomberg reports. “We cannot tolerate any form of unfair practices by different countries when it comes to our Canadian market,” she said. Last year, Canada already […]

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]]> <![CDATA[Canada extends preferential treatment for goods from Ukraine for a year]]> https://gmk.center/en/news/canada-extends-preferential-treatment-for-goods-from-ukraine-for-a-year/ Mon, 09 Jun 2025 08:01:11 +0000 https://gmk.center/?post_type=news&p=109982 The Government of Canada has extended for the next 12 months the resolution that provides for the abolition of customs duties on imports of Ukrainian goods. This is stated in the message of the Ministry of Economy. Ukrainian goods will continue to have duty-free access to the Canadian market until June 9, 2026. The extension […]

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]]> <![CDATA[US trading partners react to doubling of steel tariffs]]> https://gmk.center/en/news/us-trading-partners-react-to-doubling-of-steel-tariffs/ Thu, 05 Jun 2025 08:16:59 +0000 https://gmk.center/?post_type=news&p=109880 The doubling of tariffs on steel and aluminum imports to the United States to 50% has increased challenges for the global economy and added urgency to negotiations with Washington. On June 4, Canadian Prime Minister Mark Carney said that intensive negotiations with the United States on trade relations between the countries are underway, Bloomberg reports. […]

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]]> <![CDATA[Canadian steel producers call for immediate response to Trump’s tariffs]]> https://gmk.center/en/news/canadian-steel-producers-call-for-immediate-response-to-trumps-tariffs/ Tue, 03 Jun 2025 08:41:35 +0000 https://gmk.center/?post_type=news&p=109747 On May 31, 2025, Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA), issued a strong statement in response to the Donald Trump administration’s decision to increase the duty on steel imports to the United States to 50%. “The Canadian Steel Producers Association condemns the Trump Administration’s latest announcement increasing steel tariffs […]

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]]> <![CDATA[Canadian steelmakers call on the future government to protect the industry]]> https://gmk.center/en/news/canadian-steelmakers-call-on-the-future-government-to-protect-the-industry/ Thu, 01 May 2025 02:52:23 +0000 https://gmk.center/?post_type=news&p=108540 The Canadian Steel Producers Association (CSPA) has called on the next federal government to immediately begin work on countermeasures against US President Donald Trump’s trade attacks and do more to prevent dumped and subsidized imports. As noted, on March 12, the Trump administration imposed a 25 percent tariff on Canadian steel, as well as further […]

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]]> <![CDATA[Stellantis sends two plants in Mexico and Canada to idle due to tariffs]]> https://gmk.center/en/news/stellantis-sends-two-plants-in-mexico-and-canada-to-idle-due-to-tariffs/ Fri, 04 Apr 2025 07:17:12 +0000 https://gmk.center/?post_type=news&p=107368 Stellantis NV has announced temporary layoffs at its US plants and is suspending production at two assembly plants in Mexico and Canada after Donald Trump announced the introduction of large-scale tariffs on imports to the United States. This was reported by CNBS. The downtime at the company’s facility in Windsor, Ontario, Canada, begins on April […]

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]]> <![CDATA[US trading partners are concerned about new tariffs on steel and aluminum]]> https://gmk.center/en/news/us-trading-partners-are-concerned-about-new-tariffs-on-steel-and-aluminum/ Wed, 12 Feb 2025 06:03:32 +0000 https://gmk.center/?post_type=news&p=105242 The US trading partners are concerned about Donald Trump’s decision to impose 25 percent tariffs on all steel and aluminum imports starting March 12. In a statement issued on February 11, European Commission President Ursula von der Leyen said that she deeply regrets the decision to impose duties on European exports of these products. As […]

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]]> <![CDATA[Nippon Steel and Sojitz to acquire 49% in Champion Iron project]]> https://gmk.center/en/news/nippon-steel-and-sojitz-to-acquire-49-in-champion-iron-project/ Thu, 19 Dec 2024 08:39:13 +0000 https://gmk.center/?post_type=news&p=103601 Japanese steelmaker Nippon Steel and trading house Sojitz will acquire a 49% stake in Champion Iron’s Canadian iron ore project for $152 million. It is reported by Reuters. Nippon and Sojitz will own 30% and 19% of the shares, respectively, and will share development and construction costs in accordance with their share in the mine, […]

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]]> <![CDATA[Canada expects $71 million in annual revenue from tariffs on Chinese steel and aluminum]]> https://gmk.center/en/news/canada-expects-71-million-in-annual-revenue-from-tariffs-on-chinese-steel-and-aluminum/ Fri, 06 Dec 2024 10:23:45 +0000 https://gmk.center/?post_type=news&p=103192 Canada is projecting an annual revenue of about C$100 million ($71.4 million) from new tariffs on Chinese steel, aluminum and electric vehicles, parliamentary budget officer Yves Giroux said, Bloomberg reports. Finance Minister Chrystia Freeland announced the tariffs in August of this year, and they came into effect in October. She explained the decision by saying […]

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]]> <![CDATA[Canadian steelmakers call on the government to engage in urgent dialogue with the Trump team]]> https://gmk.center/en/news/canadian-steelmakers-call-on-the-government-to-engage-in-urgent-dialogue-with-the-trump-team/ Wed, 27 Nov 2024 10:48:56 +0000 https://gmk.center/?post_type=news&p=102859 The Canadian Steel Producers Association (CSPA) has called for urgent action and dialogue between Ottawa and the new team of US President-elect Donald Trump. This is stated in a statement by the association. The appeal is related to Trump’s promise to impose 25 percent duties on all goods imported into the country from Canada and […]

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]]> <![CDATA[Canada announces the date of implementation of duties on Chinese steel and aluminum]]> https://gmk.center/en/news/canada-announces-the-date-of-implementation-of-duties-on-chinese-steel-and-aluminum/ Thu, 03 Oct 2024 07:51:42 +0000 https://gmk.center/?post_type=news&p=100952 The Government of Canada has announced the final list of Chinese steel and aluminum products that will be subject to a new 25% additional duty. The safeguard measure will take effect on October 22. This is stated in the press release of the Ministry of Finance of Canada. As for steel products, the country’s Ministry […]

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]]> <![CDATA[Canadian steelmakers support duties imposition on Chinese steel imports]]> https://gmk.center/en/news/canadian-steelmakers-support-duties-imposition-on-chinese-steel-imports/ Mon, 30 Sep 2024 09:55:38 +0000 https://gmk.center/?post_type=news&p=100825 Members of the Canadian Steel Producers Association (CSPA) have signed an appeal supporting the introduction of targeted tariffs on steel imports from China. This is stated in the message of the industry organization. According to the declaration, the industry recognizes the efforts to implement a proactive approach to protect the steel industry from unfair trade […]

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]]> <![CDATA[Canadian steelmakers demand urgent action against Chinese dumping]]> https://gmk.center/en/news/canadian-steelmakers-demand-urgent-action-against-chinese-dumping/ Fri, 09 Aug 2024 11:16:55 +0000 https://gmk.center/?post_type=news&p=99565 Canadian steel and aluminum producers are calling on the government to impose new duties on Chinese products as soon as possible. They claim that metal from this country has flooded the local market and threatens jobs. This is stated in a joint statement by industry associations. Katherine Cobden, President and CEO of the Canadian Steel […]

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]]> <![CDATA[Cleveland-Cliffs to acquire Canadian Stelco for $2.5 billion]]> https://gmk.center/en/news/cleveland-cliffs-to-acquire-canadian-stelco-for-2-5-billion/ Mon, 15 Jul 2024 12:52:22 +0000 https://gmk.center/?post_type=news&p=98721 American steel producer Cleveland-Cliffs Inc. buys Canadian rival Stelco Holdings Inc. for $2.5 billion (3.4 billion Canadian dollars). This is stated in the press release of the company. Cleveland-Cliffs will pay 60 Canadian dollars plus 0.454 own shares for each share of Stelco. Thus, the shares of the latter are valued at 70 Canadian dollars. […]

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]]> <![CDATA[Canada approves acquisition of Teck Resources coal business by Glencore]]> https://gmk.center/en/news/canada-approves-acquisition-of-teck-resources-coal-business-by-glencore/ Fri, 05 Jul 2024 09:22:59 +0000 https://gmk.center/?post_type=news&p=98423 Canada approved the acquisition by the Swiss commodity trader Glencore of the metallurgical coal business Teck Resources – Elk Valley Resources, based in British Columbia, for $6.9 billion, Bloomberg reports. In a deal announced last fall, Glencore will acquire a 77% stake in the Canadian company’s coal business. Meanwhile, steel companies Nippon Steel and POSCO, […]

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