Canadian steel has operated at a 25% tariff in past yrs.
Steel is trading at +$1200 ton.
If Carney wouldn't have walked away with nothing, Hamilton might have had 3 steel plants running instead of all the layoffs?
Or maybe we should just buy all our steel from China where is much cheaper?
Like Europe is moving towards?
It does seem unlikely Trump will need steel from Canada if there is new capacity built there that is equivalent to 2/3 of Canada's nameplate production?
Steel is trading at +$1200 ton.
If Carney wouldn't have walked away with nothing, Hamilton might have had 3 steel plants running instead of all the layoffs?
Or maybe we should just buy all our steel from China where is much cheaper?
Like Europe is moving towards?
It does seem unlikely Trump will need steel from Canada if there is new capacity built there that is equivalent to 2/3 of Canada's nameplate production?
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