PUBLICATION
Canada Steel 2008 STI Release
The forces of consolidation that have affected the steel industry globally have been particularly acute in Canada – to the extent that, in the past year, all four of the country’s largest mills have changed ownership. Steel production began in Canada in the 1880s and, by the early 1900s, steelmaking centers had been established in Hamilton and Sault SteMarie in Ontario, plus in Sydney, Nova Scotia. The industry continued to develop – slowly until WWII but then more rapidly as the post-war economic boom created a tremendous demand for steel. Large firms grew to dominate the industry so that by 1997, the three major integrated steelmakers of the time, Dofasco, Stelco and Algoma accounted for over 60% of all steel made in Canada. Today, Canada is the 16th biggest producer of steel worldwide, with total production standing at just over 15 metric tons per year.
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A Vote of Confidence in Mexico
Mexico’s Automotive Industry: Key Drivers Driven by Driving
RECENT PUBLICATIONS
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.
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