Hamilton-based Walters Group, a major steel fabricator, has seen its U.S. exports drop from 70% of business to nearly zero due to ongoing American tariffs on Canadian steel. The company has avoided layoffs so far by shifting focus to domestic projects — including work on the new Calgary Flames arena.

“We can’t control the U.S. — but we can build up Canada,” said EVP Walt Koppelaar, who supports tougher Canadian restrictions on foreign steel, especially from China.

On a tour of Walters’ plant, Prime Minister Mark Carney announced new tariff quotas to limit low-cost, non-U.S. steel imports:

• Steel from countries like China will face a 50% tariff if imports exceed 50% of 2024 levels
• Even free-trade partners (excluding the U.S. and Mexico) will face tariffs on excess steel
• Steel containing material melted and poured in China will see a 25% tariff

CBC News reports that Koppelaar and others are pushing for stronger federal rules — including domestic steel sourcing requirements tied to government subsidies and infrastructure projects.

Keanin Loomis, CEO of the Canadian Institute of Steel Construction, said these policies will support quality, Canadian-made steel and better long-term outcomes.

“When we build a bridge in Canada,” said Loomis, “taxpayers expect it’s done with Canadian steel.”

What If You’re Let Go From Walters Group or Another Steel Company in Ontario?

If you’re a non-unionized employee and lose your job — whether due to restructuring, loss of contracts, or...

Read Full Story: https://news.google.com/rss/articles/CBMiekFVX3lxTE9lWkU3TzZycVBVZmNGamlmdkd0...