Hamilton, ONTARIO (Reuters) - Sean Donnelly, Chief Executive of ArcelorMittal Dofasco, said on Tuesday the company is not seeking Canadian government aid as the domestic steel industry faces uncertainty after U.S. President Donald Trump provided temporary relief on steel imports.
Donnelly also said the Canadian government must put resources in place to ensure that cheap steel is not diverted into Canada after Trump last week decided to impose a 25 percent tariffs on steel imports.
While Canada and Mexico secured temporary reprieve, Trump has linked permanent exemption to a successful North American Free Trade Agreement deal, make industry nervous.
(Reporting by Allison Martell; Writing by Denny Thomas; Editing by Chizu Nomiyama)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app