The local is looking for volunteers to help out with the election. If anyone is interested please contact Court Klein at email@example.com or 306-550-6465.
U.S. President Donald Trump has put new pressure on Nafta negotiations with an order saying he’ll impose steel and aluminum tariffs on Canada and Mexico on May 1 if he’s not satisfied with talks.
Trump’s presidential proclamation Thursday sets tariffs for some countries as of Friday while excluding others such as Canada and Mexico. The document specifies for the first time when those exclusions will run out, adding to pressure for a deal to be reached on the North American Free Trade Agreement around the same time.
A White House statement said Trump will decide by May 1 “whether to continue to exempt these countries from tariffs, based on the status of discussions.” Mexico has said it needs a deal by the end of April, or that talks might as well stretch past the country’s summer election, and then U.S. midterm elections this fall. Canada and Mexico continue to push for permanent exemptions from the tariffs, which have been set at 25 percent for steel and 10 percent for aluminum. Canada is the leading source of U.S. imports of steel and aluminum. Steel is closely tied to the auto sector, one of the core disputes in Nafta. Continue reading NAFTA
Ships loaded with cheap offshore steel are believed to be headed for Canada, but the government will work to make sure it does not become a back door for producers trying to enter the U.S. market, Prime Minister Justin Trudeau said Tuesday on his tour of Canadian steel and aluminum producing regions.
“That’s a concern that we share with the Americans,” Mr. Trudeau said in Hamilton, the second stop on a journey that began Monday in Quebec and will take him to Sault Ste. Marie, Ont., and Regina this week.
The trip comes after Canada won an exemption from tariffs
The 4th quarter of 2017 resulted in no payment being made under the plan. The continued commissioning of new equipment and increased costs of input materials had an adverse impact on profitability. However, with the positive trends observed in late 2017, they expect to see an improvement in both operational and financial performance over time
TORONTO, MONTREAL, 8 March 2018 – Canada’s steel and aluminum producers must be permanently exempted from U.S. tariffs, the United Steelworkers (USW) says.
“The evidence is clear and overwhelming. Canadian steel and aluminum exports are not part of the problem that the U.S. administration is trying to address through its tariff measures,” said USW National Director Ken Neumann said today.
NDP International Trade Critic, Tracey Ramsey, made the following statement:
“New Democrats, together with industry stakeholders and workers, cautiously welcome President Trump’s announcement today that the proposed steel and aluminum tariffs will be delayed. President Donald Trump has caused Canadian workers a great deal of anxiety over the past week and as the Member of Parliament for an area in which jobs are reliant upon most of these major industries, it certainly has caused sleepless nights.
U.S. President Donald Trump has exempted Canada and Mexico from his steel and aluminum tariffs pending the renegotiation of NAFTA, simultaneously offering his continental trading partners a welcome reprieve and tightening the vise on them at the bargaining table.
Mr. Trump unveiled details on Thursday of his tariffs of 25 per cent on steel and 10 per cent on aluminum, which will take effect in 15 days. For now, only Canada and Mexico will escape the levies; other countries will have to negotiate for exemptions.
The President is citing national security – the need to secure a domestic supply of metal for military equipment – as the reason for applying the duties under an obscure 1962 law. Continue reading Trump uses tariff exemption to leverage NAFTA outcome
OTTAWA — Justin Trudeau intends next week to tour regions of the country that are heavily reliant on the steel and aluminum industries in a show of solidarity for those who would be hurt the most by the imposition of stiff U.S. tariffs.
Prime ministerial spokesman Cameron Ahmad says Trudeau plans to meet with workers, business leaders, industry leaders and union leaders to demonstrate his support for those who may be affected by the tariffs.
Ahmad would not speculate on whether Trudeau’s tour will proceed if Canada wins an exemption.
The tour is to begin Monday in Alma, Que., home to one of Rio Tinto’s seven aluminum smelters in the province.
On Tuesday, he is to visit Hamilton, where the head of Steeltown’s chamber of commerce has predicted the tariffs could put 40,000 jobs in jeopardy, and Sault Ste. Marie, where Algoma Steel is the city’s largest employer.
He is to head Wednesday to Regina, where Evraz Steel — which bills itself as the largest steel company in western Canada — has operations.
U.S. President Donald Trump has vowed to impose a 25 per cent tariff on steel imports and a 10 per cent tariff on aluminum imports, with details expected to be unveiled Thursday.
The Trudeau government has been lobbying aggressively for Canada to be excluded from the tariffs, but there have been conflicting signals from the White House about the possibility of any exemptions. Trump himself has said an exemption for Canada and Mexico is possible if negotiations to modernize the North American Free Trade Agreement are concluded to his satisfaction.
Canada is the biggest supplier of steel imported by the U.S. each year. But Canada is also the biggest foreign buyer of American steel.
The Canadian Steel Producers Association says trade in steel between Canada and the U.S. was worth $12 billion in 2017 and was “evenly balanced” between the two countries.
President Trump is planning to offer Canada and Mexico a temporary exemption from new tariffs on steel and aluminum imports, reversing his original insistence that the measures apply to U.S. allies as well as nations like China, administration officials said Wednesday.
One version of the plan, which was still being finalized ahead of an expected announcement on Thursday, would give Canada and Mexico a 30-day exemption from the tariffs, the officials said. The exemptions could be extended based on progress in renegotiating the North American Free Trade Agreement.
The move comes as the White House signaled a new flexibility after a six-day drama that has roiled relations with the country’s closest allies, triggered the resignation of National Economic Council chief Gary Cohn and spooked investors. Republicans in Congress have been urging the president to narrow his proposed global tariffs to avoid boomeranging on U.S. businesses and consumers.
Peter K. Navarro, the director of the White House’s Trade and Manufacturing Policy office, said Wednesday night on Fox Business that the president would meet Thursday at 3:30 p.m. with steel union workers and “sign the proclamations.
And within about 15 to 30 days, the tariffs go into effect. The proclamation will have a clause that does not impose these tariffs immediately on Canada and Mexico.” Other officials said the timing of the announcement and details of the plan remained fluid and subject to change.
In advance of the meeting, Trump tweeted that it was important to “protect” the U.S. steel and aluminum industries, while also offering concessions to “real friends.”
But Trump also revisited the idea of using tariffs as leverage in trade bargaining and other talks — without specifically mentioning NAFTA. Trump wrote that flexibility is extended only to countries that “treat us fairly in both trade and the military.”
The White House shift came after Defense Secretary Jim Mattis and Secretary of State Rex Tillerson made a last-minute appeal for flexibility, saying that overly broad tariffs would damage key security ties with U.S. allies.
On Capitol Hill, Republican lawmakers accelerated their efforts to pull the president back from a potentially costly trade war that he has insisted would be “easy to win.”
Rep. Kevin Brady (R-Tex.), the chairman of the House Ways and Means Committee, released a letter signed by 107 House Republicans that urges the president “to tailor” the tariffs to address market distortions caused by Chinese surplus production depressing global metals prices.
“We urge you to reconsider the idea of broad tariffs to avoid unintended negative consequences to the U.S. economy and its workers,” the letter read. “Because tariffs are taxes that make U.S. businesses less competitive and U.S. consumers poorer, any tariffs that are imposed should be designed to address specific distortions caused by unfair trade practices in a targeted way while minimizing negative consequences on American businesses and consumers.”
The party’s extraordinary internal split was underscored when the Republican Study Committee, representing more than half of House Republicans, released a statement defending free trade and labeling tariffs a “tax on American consumers and businesses.”
Rep. Mark Meadows (R-N.C.), the chairman of the Freedom Caucus and one of Trump’s most trusted allies in Congress, has spoken with the president multiple times over the past week in opposition to the tariffs, said three people briefed on his efforts who were not authorized to speak publicly.
“I’ve never seen anything like this. ‘Chaos’ doesn’t really do it justice,” said Claude Barfield, a resident scholar at the right-leaning American Enterprise Institute.
Government lawyers have struggled in recent days to reconcile Trump’s public comments with the legal provisions they have been told to enforce. For example, Trump is trying to use the tariff threats to force Canada and Mexico to offer unrelated concessions in NAFTA. By publicly acknowledging this, he has potentially spoiled the legal standing of the tariffs, a senior administration official said, making it harder for them to design the prohibitions.
Earlier in the week, Trump suggested that he would exclude Canada and Mexico from the new levies only if they made concessions in negotiations aimed at reaching a new NAFTA deal. Officials from both countries rejected the demand, with Canadian Prime Minister Justin Trudeau calling the new tariffs “absolutely unacceptable.”
Major business groups that are normally allied with the Republican Party joined the anti-tariffs chorus.
“These new tariffs would directly harm American manufacturers, provoke widespread retaliation from our trading partners, and leave virtually untouched the true problem of Chinese steel and aluminum overcapacity,” said Tom Donohue, president of the U.S. Chamber of Commerce.
“Alienating our strongest global allies amid high-stakes trade negotiations is not the path to long-term American leadership.”
The Grocery Manufacturers Association warned that the import taxes would disrupt global supply chains and raise costs for consumers, while the Beer Institute chimed in with predictions of 20,000 job cuts by its members.
The American Institute of Architects said the import levies would “drastically increase” the cost of building materials, threatening the viability of the president’s infrastructure proposal.
Republican lawmakers also want the president to establish a “robust exclusion process” when he announces the tariffs so that businesses can apply for waivers to import products that cannot be obtained from domestic sources.
The president may sign the official tariff order as soon as Thursday, but details of additional exclusions may not be ready for 30 days, according to one former U.S. trade official.
When the U.S. last imposed tariffs on imported steel in 2002, George W. Bush’s administration had a waiver process in place six months before the tariffs took effect.
“In the short term, it’s going to be chaotic,” said William Reinsch, a former Commerce Department official now at the Center for Strategic and International Studies.
The situation left lobbyists and economists alike unsure of the road ahead. By themselves, the tariffs are likely to have little impact on a $20 trillion economy that is already at full employment.
But with the European Union, Canada and China vowing retaliation, there is a danger that a costly global conflict could erupt, said Jim O’Sullivan, chief U.S. economist for High Frequency Economics, who expects the economy to expand by 2.9 percent this year.
“My fairly positive forecast for the economy assumes it does not turn into a major confidence-sapping trade war, with equities plunging etc.,” O’Sullivan said via email. “I think the equity market will be an important signaling device here.”
For now, the stock market — after plunging by 586 points when the tariffs were announced — appears sanguine. The Dow Jones industrial average fell by less than 1 percent on Wednesday and remains higher than on March 1, when Trump first disclosed his tariff plan.
The president signaled in a pair of tweets that his attention may soon shift to China. “The U.S. is acting swiftly on Intellectual Property theft. We cannot allow this to happen as it has for many years!” he wrote.
The administration has been considering for weeks various measures intended to punish China for compelling foreign companies to surrender their trade secrets in return for access to the world’s second-largest economy.
Among the options under review are tariffs on a variety of Chinese products and new restrictions on Chinese investment in the United States, according to individuals familiar with the discussions.
The most radical steps would attempt to unwind existing Chinese investments, not just limit new ones, but that would raise legal questions, they said.
The debate follows Trump’s request in August for Robert E. Lighthizer, the U.S. trade representative, to examine whether China’s intellectual property policies unfairly discriminated against U.S. companies. That probe could continue until August, but a decision is expected by the end of this month, according to a former U.S. trade negotiator.
In striking at China, the administration can expect more uniform backing from corporate leaders, who have grown frustrated with the country’s less welcoming stance under President Xi Jinping.
Earlier in the day, the president also tweeted inaccurately about the overall trade balance between the United States and China.
“China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States. Our relationship with China has been a very good one, and we look forward to seeing what ideas they come back with. We must act soon!” the president wrote.
In fact, China last year had a $375 billion trade surplus with the United States. Reducing it by $1 billion would have no appreciable economic consequences.
The overall U.S. trade deficit rose to $56.6 billion in January, the highest monthly figure in more than nine years, the Commerce Department said.
Steel industry leaders are split over whether to exclude Canada. The United Steelworkers union, which has numerous members in Canada, is urging the administration to exclude Canada, arguing that America’s northern neighbor trades fairly.
“There’s no rational reason to have Canada sanctioned, because Canada never broke the rules,” said Leo Gerard, international president of the USW. “We want to encourage the administration to go after the cheaters.”
But steel executives are more leery of an exemption for Canada, the largest source of imported steel. The country’s mills could become an even larger source as companies in the United States scramble to find new suppliers if the tariff goes into effect only on Asia and Europe.
Trump should do a “fixed tariff across the board,” said Dan DiMicco, chairman emeritus of Nucor, one of the largest U.S. steel producers. “If I had my way, we’d be doing a 50 percent tariff on the really bad actors and 20 percent on the rest.”
Bush exempted Canada and Mexico from his steel tariffs in 2002. At the time, Bush’s advisers felt it wouldn’t be fair to put the tariff on such close allies and free trading partners. However, economists say there were still negative impacts on the economy, even with the carve-out for Canada and a handful of other nations and products.
“I don’t think it’s a game changer to get Canada excluded from tariffs,” said Doug Holtz-Eakin, who has advised GOP candidates for president. “We did that under Bush. It was still the case that domestic harm to steel-consuming industries outweighed the gains to steel producers.”
Erica Werner, Robert Costa, Josh Dawsey and Brian Murphy contributed to this report.
Pension Townhall with MP Scott Duvall
7pm, Wednesday, March 7
Royal Saskatchewan Museum
2445 Albert Street (at College Avenue)
If you have any questions on Pension come out and ask. In attendance will be Erin Weir and Scott Duvall, NDP members of parliament and also part of the Steel Caucus in Ottawa. Please come out, get informed and ask questions.
WASHINGTON, March 5 (Reuters) – The U.S. International Trade Commission on Monday voted to continue anti-dumping and subsidy investigations into imports of large-diameter welded pipe from Canada, China, Greece, India, South Korea and Turkey, it said in a statement.
The U.S. Commerce Department said last month it was examining whether manufacturers from those countries are selling the pipe in the United States at below-market rates or are being unfairly subsidized by their governments.
The trade case comes amidst global trade jitters after U.S. President Donald Trump said last week he would impose broad tariffs on imports of steel and aluminum to protect U.S. national security under a Cold War-era trade law, a move that could raise consumer prices and ignite a trade war. Imports of the welded steel pipe, used to build oil and gas pipelines, in 2016 totaled $441.4 million from the six countries, department data show.
The probe was launched after a petition from a group of privately held U.S. producers and covers welded carbon and alloy steel pipe larger than 16 inches (406.4 mm) in diameter.
The pipe can be used to transport oil, gas, slurry, steam or other fluids, liquids or gases.
The investigation is one of around 100 the Trump administration has opened since taking office, which it says are aimed at protecting U.S. manufacturers in global markets.
The Commerce Department estimated that in 2016 imports of large-diameter welded pipe from Canada had a value of $66 million, China $139 million, India $26 million, Greece $70 million, South Korea $150.3 million and Turkey $116.1 million.
It estimated dumping margins at 50.89 percent for Canada, 120.84 percent to 132.63 percent for China, 41.04 percent for Greece, 37.94 percent for India, 16.18 percent and 20.39 percent for South Korea and 66.09 percent for Turkey.
“Dumping” is the practice of selling goods below market price.
The Commerce Department is scheduled to make its preliminary subsidy decision by April 16 and its preliminary dumping determination by June 29.
Trump campaigned on a platform of restoring a level playing field to trade relations, in particular with China. Even before the steel and aluminum tariff proposals, his administration was accused of courting a trade war by vetoing new appeals judges at the World Trade Organization, hobbling the trade dispute settlement system and running the risk that trade friction will explode into tit-for-tat actions.
TORONTO: Canada’s steel sector could be wounded by US tariffs even if the country is exempt from the 25 percent duty promised by President Donald Trump, as cheap steel previously sold south of the border floods into Canada, industry leaders said on Friday. Canadian officials are trying to secure an exemption from potential US tariffs on steel and have threatened retaliation if the plan goes ahead. But even a deal that protects exports from Canada, the biggest steel supplier to the United States, would not solve all of the industry’s problems. “It would significantly harm Canadian producers in our home market, just swamping the marketplace with that imported steel,” said Canadian Steel Producers Association President Joseph Galimberti on the proposed tariff. A letter from nine Canadian steel executives sent to Prime Minister Justin Trudeau and other government ministers on Thursday warned that the tariff could displace 13 million tonnes of steel currently sold in the United States. The letter, seen by Reuters, called for targeted trade cases and also raised the possibility of new legislation to defend the industry. Galimberti said the Canada Border Services Agency would need more resources to quickly investigate and enforce trade rules, including rules against dumping.
WASHINGTON — The Trump administration is coming under political pressure at home to exclude Canada from global tariffs on steel and aluminum, and while stating its preference for a hard line it’s leaving the door open just the tiniest crack to the possibility of adjustments.
Lawmakers, businesses, and hosts on the Sunday political talk-shows all challenged the logic of slapping a national-security tariff on a peaceful next-door neighbour, pushing the administration to justify its move.
The administration says a final announcement is coming next week. On Sunday, it signalled that President Donald Trump is leaning toward a no-exceptions-for-anyone attitude — but then added some potential asterisks.
In the midst of an internal tug-of-war within the White House the administration was represented on the talk shows by two of its most prominent trade hawks, Trump advisor Peter Navarro and Commerce Secretary Wilbur Ross.
Both appeared to suggest the decision is close to final.
While no countries will be excluded, Navarro said some industries could get exemptions. This is of keen interest to Canada’s auto sector, which is a leading supplier of steel and aluminum to the U.S.: “There’ll be an exemption procedure for particular cases where we need to have exemptions so business can move forward,” Navarro said on CNN.
Ross held out the slim prospect of some changes: “We shall see,” he told NBC’s “Meet The Press.”
“(Trump) has made a decision at this point,” he said of the 25 per cent tariff for steel and 10 per cent tariff for aluminum. “If he for some reason should change his mind, then it’ll change. I have no reason to believe he’s going to change his mind.”
The administration is being deluged with demands from its own political allies to relax its policy. The same two top Republican lawmakers who shepherded Trump’s tax-cut achievement through Congress, Kevin Brady and Orrin Hatch, have pleaded for revisions.
A senator of a border state said he’s already hearing from businesses at home. Angus King, an Independent senator from Maine, compared Trump’s plan to the devastating U.S. tariffs of the 1930s. He said companies in his state fear price increases for steel.
King said any trade actions should be targeted to discourage Chinese dumping — not hit the entire world.
“You want to do these kinds of things with a scalpel — not a chainsaw,” King told NBC.
To apply the tariffs, the U.S. is invoking a rarely used clause in a 1962 trade law that allows the president to declare tariffs if required by national security. The White House argues that the wording is broad, and that national security also could include employment and economic stability of the domestic steel industry.
“I don’t think we need to block Canadian steel in the name of national security. They’re annoying. You know, they’re too nice. But we don’t fear a war with Canada,” King said.
Every host of the big weekly U.S. talk shows raised the Canada angle.
Fox News’s Chris Wallace asked how the White House can possibly justify using a national security excuse for imposing tariffs on a close NATO partner, and legal member of the U.S. military-industrial complex.
CNN’s Jake Tapper asked Navarro to imagine how Canada might see this: “From the perspective of Canada … Canada would say, ‘National security exemption? We fight with you in every war. Our soldiers are right next to your soldiers in every conflict. What possible scenario could you envision where we wouldn’t supply you with steel and aluminum?’”
But the general response from Trump officials was that everyone should prepare for tariffs. When Navarro was asked on Fox whether Trump would exclude anyone, he responded in the negative.
“That’s not his decision,” Navarro replied.
“As soon as he starts exempting countries he has to raise tariffs on everybody else. As soon as he exempts one country his phone starts ringing from the heads of state of other countries.”
He added more details in an interview with CNN: “Canada’s 40 per cent of the (American aluminum) market. If you exempt Canada, then you have to put big, big tariffs on everybody else. So this is a measured, targeted approach.”
He was repeatedly pressed on the Canada issue in these interviews. Navarro did leave out the possibility of certain industries being exempted.
The issue has sparked a ferocious debate within the White House. Last week, it appeared Trump had frozen out the free-traders in his office and made this announcement with the support of hawks like Navarro.
American press reports have also described the president feeling angry and isolated in recent days. His administration has been hit with resignations, infighting and conflict-of-interest allegations involving the president’s own son-in-law, Jared Kushner.
A South Carolina Republican called it folly.
Sen. Lindsey Graham mentioned the Volkswagen and BMW plants in his state and expressed fear of how a trade war might affect jobs there. He said there’s reason to pursue China for intellectual-property theft and product dumping, but this is hitting all the wrong targets.
He addressed Trump directly in his interview on CBS’s “Face The Nation.”
“You’re letting China off the hook,” Graham said.
“You’re punishing the American consumer and our allies. You’re making a huge mistake here. Go after China — not the rest of the world.”
March 1, 2018 – Ottawa, Ontario – Global Affairs Canada
The Honourable Chrystia Freeland, Minister of Foreign Affairs, today issued the following statement:
“As a key NORAD and NATO ally, and as the number one customer of American steel, Canada would view any trade restrictions on Canadian steel and aluminum as absolutely unacceptable.
“Any restrictions would harm workers, the industry and manufacturers on both sides of the border. The steel and aluminum industry is highly integrated and supports critical North American manufacturing supply chains. The Canadian government will continue to make this point directly with the American administration at all levels.
“Canada is a safe and secure supplier of steel and aluminum for U.S. defence and security. Canada is recognized in U.S. law as a part of the U.S. National Technology and Industrial Base related to national defence.
“The United States has a $2-billion surplus in steel trade with Canada. Canada buys more American steel than any other country in the world, accounting for 50% of U.S. exports.
“It is entirely inappropriate to view any trade with Canada as a national security threat to the United States. We will always stand up for Canadian workers and Canadian businesses. Should restrictions be imposed on Canadian steel and aluminum products, Canada will take responsive measures to defend its trade interests and workers.”
TORONTO, MONTREAL, 1 March 2018 – Canada’s steel and aluminum producers clearly must be excluded from U.S. import tariffs announced today by President Donald Trump, the United Steelworkers (USW) says.
“The evidence is clear that Canadian steel and aluminum imports are not part of the problem that the U.S. administration is trying to address through its Section 232 investigation,” said USW National Director Ken Neumann.
U.S. President Donald Trump today announced plans to impose tariffs of 10% on aluminum imports and 25% on steel imports. Key details, such as whether fair-trading allies such as Canada will be excluded from duties, have yet to be disclosed.
“The investigation heard extensive evidence that Canada is a key U.S. ally that should be excluded from tariffs. Canada clearly is not one of the ‘bad actors’ that engage in unfair trade and dumping of aluminum and steel into the United States,” Neumann said.
“On the contrary, Canadian steel exports are part of deeply integrated supply chains for U.S. products. Imposing tariffs on Canadian exports risks causing significant economic harm and job losses on both sides of our border,” he said.
“The aim of the U.S. government’s Section 232 investigation is to respond to countries whose trade practices represent a threat to American national security. The evidence confirms that tariffs and punitive actions are warranted against ‘bad actor’ countries that engage in illegal dumping and unfair trade practices, including China, Egypt, India, Malaysia, Korea, Russia, Turkey and Vietnam.”
“Canada is not the problem,” said USW International President Leo W. Gerard.
“The United States and Canada have integrated manufacturing markets. In addition, the defence and intelligence relationship between the countries is unique and integral to our security. Any solution must exempt Canadian production,” Gerard said. “At the same time, Canada must commit to robust enforcement of its trade laws and enhance its cooperation to address global overcapacity in steel and aluminum.”
Steelworkers’ Quebec Director Alain Croteau asserted that “U.S. tariffs against Canadian aluminum producers would not serve the interests of the American economy.
“Canadian producers represent a stable, secure and environmentally favourable source of aluminum that benefits American industry and consumers,” Croteau said.
“Canadian and American workers and consumers should expect that the U.S. government will do the right thing and exempt Canadian aluminum and steel exports from tariffs or quotas,” he added.
The USW reiterated its call for the Government of Canada to act decisively to defend Canadian industries and jobs.
“U.S. tariffs threaten to increase the dumping of cheap foreign steel into Canada,” Neumann said. “The federal government must act to protect Canadian industry and jobs from this potential diversion of cheap imports into our markets.”
Brothers and Sisters,
Since the start of your employment with the company, if you have had a beneficiary status change or questions regarding your beneficiary on your benefits please contact the office at 306-569-9663.
The CPI figure for January was released on February 23, 2018. As per the Collective Agreement the following calculation will apply.
January 2018 136.4
October 2017 135.4
(Divide difference by .063) = $0.15
Effective with the first pay period after the release, COLA will be $0.56 per straight time hour worked as it was previously $0.41.
Brothers and Sisters,
Your union is executive is in search for another Anti Harassment Officer. If anyone would be interested or like more information please either call the office @ 306-569-9663 or email firstname.lastname@example.org.
Remember, It’s Your Union!!
TORONTO (Reuters) – Teck Resources Ltd, the world’s second-biggest exporter of steelmaking coal, said on Wednesday that growing global steel production is expected to boost demand for its coal in 2018, though coal trade competition will also likely rise.
Vancouver-based Teck, which also mines copper, zinc, gold and oil sands, said it is “feeling pretty good about 2018” after reporting in-line financial results.
“Most of us forget what this feels like, but it’s certainly very good for commodity markets, and they are now demand driven, rather than supply driven,” Chief Executive Don Lindsay said on a conference call.
“We see continued strength in commodity prices and Teck is certainly well positioned to take advantage of that.”
Steelmaking coal demand is expected to keep climbing in 2018, Teck said, while ongoing logistics and production issues at key Australian mines support prices.
It is unclear how an expected recovery in Australian exports this year and coal trade rebalancing will affect pricing, but Teck said it can respond to changing markets.
Teck sold 6.4 million tonnes of steelmaking coal in the fourth quarter, at an average realized price of $170 per tonne.
It sees 2018 output of 26 million to 27 million tonnes of steelmaking coal. Production in 2019 to 2022 will range between 26.5 million and 27.5 million tonnes, despite this year’s closure of Coal Mountain operations.
Copper production is forecast at 270,000 to 330,000 tonnes in 2018 and 270,000 to 300,000 tonnes for 2019 to 2022. Zinc production is seen at 645,000 to 670,000 tonnes in 2018, dropping to between 575,000 and 625,000 tonnes in 2019 to 2022.
Teck expects its share of production from Fort Hills oils sands mine at 7.5 million to 9 million barrels of bitumen in 2018 and 14 million barrels in 2019 to 2022.
It holds a 20.89 percent stake in Fort Hills, which produced its first oil in January, with partners Suncor Energy and Total SA. Production is seen reaching at least 90 percent of capacity by year-end.
Lindsay said he hopes Teck will build up cash reserves from high commodity prices and see copper supplies tighten before moving ahead with its US$4.7 billion second-phase Quebrada Blanca project. Permits are expected in the first half of 2018 and a decision in the second half.
Shares of Teck, up nearly 15 per cent year-to-date, were about 1 per cent higher at C$37.72 at mid-session.
Reporting by Susan Taylor and Shubham Kalia; Editing by Meredith Mazzilli
USW states that Canada is a ‘partner,’ not a threat to American national security
TORONTO and MONTREAL, Feb. 16, 2018 /CNW/ – Canada is not among the “bad actors” engaged in unfair trade and dumping of aluminum and steel into the United States and must be excluded from potential U.S. tariffs and quotas, the United Steelworkers (USW) says.
“There is no justification to include Canada with countries that systematically violate trade laws and engage in the dumping of illegally subsidized aluminum and steel,” USW National Director Ken Neumann said following today’s release of a U.S. Department of Commerce (DOC) report on the impact of imported steel and aluminum on U.S. national security.
The DOC’s Section 232 report has recommended three separate options for American President Donald Trump to consider regarding steel and aluminum exports to the U.S., ranging from across-the-board tariffs, to tariffs for “bad actor” countries and exclusions for “good actor” countries. The president also can implement modified versions of any of the recommendations, or take no action at all.
“The intent of the DOC’s report is to respond to countries whose trade practices represent a threat to U.S. national security,” Neumann said.
“The report, as well as testimony provided by expert witnesses during the investigation stage, demonstrate that Canada is not one of the ‘bad actor’ countries that threaten U.S. interests,” added Marty Warren, USW District 6 Director (Ontario and Atlantic Canada).
The DOC report includes several positive references to Canada, characterizing it as a partner and supplier to the American aluminum industry, rather than a threat.
During the DOC’s Section 232 investigation, retired U.S. army brigadier general John Adams urged that Canada’s steel sector not be hit with tariffs.
“The one supplier in whom I have complete confidence is Canada. Not only do we currently have a steel surplus with Canada, but we share a border and have synergistic strategic, economic and national security interests,” Adams testified.
USW International President Leo W. Gerard also said Canada should be excluded from punitive actions that should be focused on bad actor countries including China, Egypt, India, Malaysia, Korea, Russia, Turkey and Vietnam.
“Our economies are very closely intertwined and we hope the U.S. government won’t threaten the steel and aluminum industries by taking punitive action,” said Steve Hunt, USW District 3 Director (Western Canada).
U.S. trade action against Canadian aluminum and steel would not serve the interests of the American economy, Steelworkers’ Quebec Director Alain Croteau said.
“Imposing tariffs or quotas on Canadian exports will result in job losses in the U.S. manufacturing sector and will increase prices for many goods and products. Workers on both sides of the border will lose,” Croteau said.
“Compared to other producers, Quebec’s aluminum sector is more environmentally friendly and produces much lower greenhouse gas emissions,” he added.
The USW also is calling for a strong response from the Canadian government to defend the Canadian aluminum and steel industries from unjustified tariffs and quotas.
“The government of Canada must act decisively to defend fair trade and the tens of thousands of Canadian families whose livelihoods depend on the aluminum and steel sectors,” Neumann said.
“The Canadian government should work with the U.S. in fighting the predatory and destructive trade practices of China and other bad actor countries.”
SOURCE United Steelworkers (USW)
Brother’s and Sister’s
We are saddened by the news of the passing of our brother Rob Allcock. As a senior 24 inch Mill Operator Rob was well respected and liked and will be missed by all. Our condolences go out to all the Family and Friends on Mr. Allcock.