The Government of Canada is delivering on their commitment to support the Canadian steel manufacturing sector and its workers.
The Honorable Ralph Goodale, Minister of Public Safety and Emergency Preparedness, on behalf of the Honorable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a $40 million investment in a $112.6 million project that will create 35 jobs and maintain 2,100 more in Regina, Saskatchewan and Red Deer, Alberta.
This investment will help EVRAZ North America Inc. make numerous upgrades to its facilities in western Canada and increase its competitiveness in serving the oil country tubular goods (OCTG) market while decreasing emissions and the overall carbon footprint of Canadian steel.This will enable the company to produce valued-added OCTG products that match Canadian market demand and make them available at a competitive price to Canadian resource firms that, like EVRAZ, are facing shortages owing to the cost-prohibitive effects of U.S. tariffs.
The government’s investments in Canada’s steel and aluminum producers, such as EVRAZ, Algoma Steel Inc., ArcelorMittal, Alcoa Corporation and Rio Tinto Aluminum, are ensuring they continue to provide thousands of Canadians with good middle-class jobs and remain important contributors to our economy and manufacturing supply chains.
EVRAZ North America Inc. is the largest steel company in western Canada, making steel plate and coil, small- and large-diameter pipe, and oil and gas well tubing for the energy sector.
In 2017, the Canadian steel industry employed over 23,000 Canadians and contributed $4.2 billion to Canada’s gross domestic product. This industry is a vital supplier to the Canadian manufacturing, energy, automotive and construction industries.
Published in the April 2019 Edition