Tenaris, a manufacturer of coiled tubing, offshore and onshore line pipe and other products for the gas and oil industries, recently announced that 40 employees at the company’s Sault Ste. Marie, Ontario steel mill would be laid off. The announcement came in response to U.S. steel tariffs imposed by the Trump administration.
Tenaris spokesman David McHattie said the Northern Ontario steel mill hired the employees to help with a rise in demand for steel pipes and other products, however steel and aluminum tariffs were imposed just months later. The company says the tariffs have created a need to adjust production levels as the market to serve U.S. customers has become unsustainable.
On July 1st retaliatory tariffs imposed by the Canadian government went into effect on various American imports including steel and aluminum products, along with consumer goods such as pillows, refrigerators, ketchup and other goods. News reports indicate there will be a 25% tariff on steel, and 10% on aluminum and listed consumer goods.
On June 29th the federal government announced $2 billion in aid in an effort to help avoid layoffs and retain skilled workers in the aluminum, steel and manufacturing sectors. The Canadian government proposed to defend those industries affected in the trade war by extending the employment insurance work-sharing agreements by 38 weeks, helping companies expand where products may be exported to, providing liquidity support to affected businesses and other measures.
More than 23,000 were employed in Canada’s steel industry in 2017 according to government data.
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