Time for a new direction where working people have a say and control
The Canadian Steel Producers Association (CSPA) is an organization of 13 steel companies in Canada. All 13 are foreign owned and controlled.
Regarding the announcement of government funding for ArcelorMittal Dofasco (AMD) in Hamilton, which, added to the previously announced funding for Algoma Steel in Sault Ste. Marie, totals $820 million for these two enterprises, Catherine Cobden, President & CEO of CSPA writes, “This investment will deliver substantial climate improvements for AMD, the City of Hamilton and our country as a whole. It is now the second project from Canada’s steel sector contributing to a combined reduction of close to 6 million tonnes (of CO2).”
Cobden suggests that the federal handouts to the steel companies will assist “Canada’s steel producers [in playing] a significant role in the greening of critical supply chains across North America.” She adds that government funding for the two steel companies strengthens Canada’s steel sector’s integration within the U.S. economy and its ability to compete “with more carbon intensive imports” in particular those from China. [More]
In a July 30 press release, the Canadian Steel Producers Association (CSPA) writes, “International benchmarking by Global Efficiency Intelligence has ranked Canada’s steel producers as first and second in the world by major production type, well ahead of China, and other key steel-producing nations.” [More]