Algoma Steel’s Chief Executive Michael Garcia says U.S. President Donald Trump’s 50 per cent tariff on Canadian steel could effectively shut the country’s producers out of their largest export market.
I work for a Canadian fabrication company and we use several million tons of plate a year. Why has Algoma not been servicing our market till being forced to? Our customers will not use China steel due to liability and quality demands. Thinking this could be the back door problem the US has been complaining about. China junk for Canada and higher price Canadian into the US. is not a good look.
Another Large Canadian Industry is now dependent on Carney doing things he promised he would do.
So far in that regard Carney (and therefore Canada) is batting pretty close to zero.
The thing is one must ask the question "What has Algoma Steel been doing about supplying Canadian requirements up until now??"
Having said that ...
It really does appear that Carney has no negotiating skills what-so-ever and perhaps never did (see what they thought of him in the UK) and that he really does want to continue the legacy (and I use the term loosely) of the guy with the weird sock fetish.
... NAMELY ... The destruction of a once wonderful and respected country.
I don't know about the Algoma and it's integrity. I remember in the past, I run thousands of feet of Algoma pipe into the ground. It was made in China. You buy canadian made, you think, yet it's made in china. Just like your automobiles, they're made in china and assembled here.
Actually, Canada has a processing problem. We need vacuum furnaces to manufacture high quality tool steels. I would invest and take that market for the USA. Mold and die shops are in dire need of supply.
I work for a Canadian fabrication company and we use several million tons of plate a year. Why has Algoma not been servicing our market till being forced to? Our customers will not use China steel due to liability and quality demands. Thinking this could be the back door problem the US has been complaining about. China junk for Canada and higher price Canadian into the US. is not a good look.
... SO ...
Another Large Canadian Industry is now dependent on Carney doing things he promised he would do.
So far in that regard Carney (and therefore Canada) is batting pretty close to zero.
The thing is one must ask the question "What has Algoma Steel been doing about supplying Canadian requirements up until now??"
Having said that ...
It really does appear that Carney has no negotiating skills what-so-ever and perhaps never did (see what they thought of him in the UK) and that he really does want to continue the legacy (and I use the term loosely) of the guy with the weird sock fetish.
... NAMELY ... The destruction of a once wonderful and respected country.
I don't know about the Algoma and it's integrity. I remember in the past, I run thousands of feet of Algoma pipe into the ground. It was made in China. You buy canadian made, you think, yet it's made in china. Just like your automobiles, they're made in china and assembled here.
Actually, Canada has a processing problem. We need vacuum furnaces to manufacture high quality tool steels. I would invest and take that market for the USA. Mold and die shops are in dire need of supply.
Steel is a commodity with only quality and politics generating differences. So just look for markets if you can't find customers.