Steel producers ask for help to rebuild demand

Canadian steelmakers are in Ottawa this week asking the government to develop policies that will boost their industry through a stronger manufacturing base and fair trade practices.

TORONTO — Canadian steelmakers are in Ottawa this week asking the government to develop policies that will boost their industry through a stronger manufacturing base and fair trade practices.

The steel industry has been battered by the worldwide recession, which has cut demand for the metal used in everything from construction to the auto and appliance industries. As a result, global production of the most common type of steel shrunk by approximately 27 per cent in 2008.

U.S. Steel announced last month that it will indefinitely idle operations at its Hamilton and Lake Erie plants, putting 1,500 people out of work. The closures were the first time the company formerly known as Stelco has shut down its Ontario steel mills in nearly a century of operations.

Steel production and prices, which reached all-time highs last year, have dropped to their lowest levels in a quarter century in recent months.

Just Posted

Red Deer mall repurposes former Sears location

The Great Indoors Market at Bower officially launches Nov. 10

Red Deer-area businesses prepare for economic boost from Canadian Finals Rodeo

Hotels, restaurants, gift shops get ready for rodeo fans

Sylvan Lake considering banning charcoal barbecues in lakefront parks

Town council wants more information on concerns about charcoal barbecues and over-sized tents

Winter Games relocates its Volunteer Centre

Now open at Bower Place in Red Deer

Drouin scores deciding goal as Canadiens hold off Flames in 3-2 win

MONTREAL — Flames goalie David Rittich did everything he could to keep… Continue reading

Coalition of consumer groups calls for new code of conduct for telecom sales

A new government-backed code of conduct is needed to protect consumers from… Continue reading

Canadian National Railway rakes in record revenues amid concerns over capacity

MONTREAL — Canadian National Railway Co. says it raked in the highest… Continue reading

Alberta Party candidates set for Red Deer

The Alberta Party will have candidates running in both Red Deer-South and… Continue reading

Montreal Alouettes defensive lineman Woody Baron co-authors children’s book

TORONTO — Woody Baron finds the spectre of tangling with a hulking… Continue reading

Sundin not surprised Leafs asking stars to take less money to stay together

TORONTO — Mats Sundin isn’t surprised the Toronto Maple Leafs are asking… Continue reading

Anywhere but Washington: Why DC stories rarely film in DC

WASHINGTON — It’s a hobby among District of Columbia locals: Picking apart… Continue reading

‘Halloween’ scares up $77.5 million in ticket sales

LOS ANGELES — Forty years after he first appeared in theatres, Michael… Continue reading

Most Read