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Canada - Latest news GMK Center

Photo – Canada will require importers to provide information on the country of steel smelting and casting
Canada will require importers to provide information on the country of steel smelting and casting

In this way, the country increases the transparency of supply chains of steel products

Photo – Canadian business is evaluating the possibility of investment in the logistics of Ukraine
Canadian business is evaluating the possibility of investment in the logistics of Ukraine

Among the main directions are railway transportation and modernization of Black Sea ports

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

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

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

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

Photo – Ukraine counts on further liberalization of market access in Canada
Ukraine counts on further liberalization of market access in Canada

The parties discussed the signing of an updated Free Trade Agreement

Photo – Ukraine and Canada update the free trade agreement
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

Photo – Canada continued its investigation into Turkish rebar
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

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

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

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

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

Photo – ArcelorMittal SA and Sasol have joined forces to produce green steel
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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