March 6, 2019
Ottawa today announced a $40-million investment in a $112.6-million project that will create 35 jobs and maintain more than 2,100 steel and aluminum jobs in western Canada.
“Canadian steel producers and workers form the economic backbone of communities across our country,” says the Minister of Innovation, Science and Economic Development, Navdeep Bains. “In the face of unfair and unjust U.S. tariffs, our government is keeping its promise to support Canada’s steel producers and their thousands of workers. This investment will support 2,100 jobs at EVRAZ and help it upgrade its facilities to become more competitive and expand its market reach.”
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, enabling 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 are facing shortages owing to the cost-prohibitive effects of U.S. tariffs.
“We committed to standing shoulder to shoulder with Canadian steel workers and supporting the innovative, world-class products they produce.,” says Ralph Goodale, Minister of Public Safety and Emergency Preparedness. “We are delivering. Our investment in EVRAZ will help strengthen the competitiveness of Regina’s steel plant for years to come, maintain Canada’s position in the global market and support middle-class jobs for Canadians.”
According to the press release, the government’s investments in Canada’s world-class 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.”