Canada — Governments launch C$5.22 billion steel support fund Canada and Ontario announced a Joint Steel Action Fund within a wider C$8.7 billion economic package. The steel fund comprises C$3.55 billion of federal and C$1.67 billion of provincial commitments over five years. Funding will support modernization, product diversification and access to new export markets. Domestic procurement policies and stronger monitoring of unfairly traded imports accompany the programme. Steelmakers welcomed the measures as support against US trade pressure and changing market access.
Canada — HRC approaches C$1,700 per short ton Canadian HRC increased 0.28% to C$1,698.20 per short ton on October 22. The index was equivalent to C$84.91 per hundredweight. A major producer raised its offer to C$85 per hundredweight during the week. Some customers could not immediately place orders because January books had not yet opened. Canadian prices remained below the equivalent US Midwest assessment in US-dollar terms.
