Feds plan $90M in support for Sault, Algoma Steel – by Andy Blatchford (Sudbury Star – January 10, 2019)

https://www.thesudburystar.com/

Canadian Press – OTTAWA — The federal government is to announce up to $90 million in support for Ontario’s Algoma Steel on Thursday in a commitment aimed at helping the producer deal with the American tariffs on steel and aluminum, The Canadian Press has learned.

Economic Development Minister Navdeep Bains will make the announcement at Algoma’s plant in Sault Ste. Marie. He’ll be joined by Ontario Northern Development Minister Greg Rickford, who’s expected to announce a separate provincial investment in the company.

The government support comes as Canadian steel and aluminum producers continue to face punishing levies imposed last June by U.S. President Donald Trump.

Canada has rejected the premise of the American duties — that its metals exports pose a national-security threat to the U.S. — and has been fighting for the removal of the tariffs. Ottawa has implemented tariffs of its own on a long list of U.S. imports in hope of forcing Washington to back down.

The U.S. tariffs, however, remain in place. The federal Liberals were criticized last fall for signing a new North American trade pact, which includes the U.S., without securing any guarantees from Washington that it would lift the levies.

For the rest of this article: https://www.thesudburystar.com/news/provincial/feds-plan-90m-in-support-for-sault-algoma-steel

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