Canada

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Glencore has led a $9 billion deal to buy Teck’s coal division

The transaction is expected to close in the third quarter of 2024

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H2 Green Steel is studying the possibility of building a plant in Canada

The potential project will require investments of €3.2-6 billion

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Canada continued the abolition of customs duties on the import of Ukrainian goods

The duty-free import regime, in particular, applies to steel and goods whose supply is regulated by quotas

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Ukraine counts on further liberalization of market access in Canada

The parties discussed the signing of an updated Free Trade Agreement

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Ukraine and Canada update the free trade agreement

Countries are expanding opportunities for enterprises that have not only Ukrainian, but also foreign components in their products

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Canada continued its investigation into Turkish rebar

The retrial was initiated in the fall of 2022, the parties were supposed to submit arguments in January 2023

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Canada has provided $26 billion in tax incentives for green investments

The benefits will be attractive to investors in new, developing industries

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Canada introduced a ban on aluminum and steel import from the Russian Federation

In 2021, the country imported $213 million worth of Russian steel products

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Canada’s steelmakers are calling on the government to support the industry

The share of offshore imports to the country increased by 20% from 2014 to 2022

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ArcelorMittal SA and Sasol have joined forces to produce green steel

The largest industrial companies in South Africa aim to achieve zero carbon emissions in the production by 2050

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ArcelorMittal has launched a decarbonisation project at a plant in Canada

Construction of new assets will be completed in 2026

Ukraine received a $350 million loan from Canada

The total amount of financial aid to Ukraine from Canada since the beginning of the war has reached $1.2 billion

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