Economic Development Minister Navdeep Bains Click image to enlarge

The federal government plans to make a decision on safeguards against steel dumping in the coming weeks, Economic Development Minister Navdeep Bains said Friday.

Speaking at a summit on the steel industry in Hamilton, Ont., Bains said the government is looking at the data and feedback it received from recent consultations on how to protect the industry from the risk of cheap steel imports.
“The Department of Finance, my colleague Bill Morneau, is working swiftly to assess what they heard in the consultations to determine how best to protect the Canadian market against foreign steel dumping,” he said.
“The government is well aware that more than ever, Canada is likely a landing ground for cheap, subsidized steel from foreign producers.”
Canada is at a heightened risk of dumping after the US imposed tariffs on steel and aluminum imports earlier this year, leading exporters to seek out other potential markets.
The US also later went ahead with tariffs on Canadian steel and aluminum imports on national security grounds.
Bains said the federal government has responded to the tariffs with $16.6 billion in counter tariffs in July as well as a $2 billion financial aid package for affected industries.
The aid package includes $250 million for a strategic innovation fund exclusively for large steel and aluminum producers that Bains said has already received strong interest.
Source: CP

The factory of the future at FABTECH 2016

If anyone had any doubts about where the metal fabrication industry is heading in the future, FABTECH 2016 held recently in Las Vegas, NV, put those doubts to rest. 

Magna forming electric vehicle joint ventures in China

Magna International Inc. has announced that it is forming two joint ventures with Beijing Electric Vehicle Co. (BJEV), China’s biggest electric vehicle manufacturer, to engineer and build EVs in China.

Canadian auto suppliers get opportunity at Magna

Canadian automotive suppliers will have an opportunity to present their capabilities to Magna International on June 24 during the Canadian Innovation Fair at Magna's Troy, MI, facility.

Interested suppliers were asked to submit their applications earlier in June and were contacted by APMA if they had been selected.

The Consulate General of Canada in partnership with the Automotive Parts Manufacturers' Association (APMA) are being given an opportunity to showcase Canadian automotive capabilities at Magna's US facility. Canadian suppliers who apply for the opportunity, will be given the chance to meet with the company's purchasing and engineering managers.

Magna says it's interested in learning about new products, processes, materials or other innovations in the following areas: connected car (e.g. software, advanced camera vision); powertrain (e.g. alternate propulsion technologies); lightweighting (e.g. laser welded blanks, joining technologies); interior and seating systems; testing/production/material handling; and safety systems.

For more information, visit APMA online.

Welding group launches post secondary awards program

The CWA Foundation has introduced the Post Secondary School Awards program for Canadian welding students.

TRUMPF grows with Chicago expansion

TRUMPF plans to expand its operations with a new 50,000 sq ft facility in Chicago, IL, that will house a Technology Centre and a Centre for Excellence for Industry 4.0. The facility will be completed by mid-2017.

Stay In Touch

twitter facebook linkedIn