[ZTWsquared]

2001 ZTS,Mar 8 2009, 09:13 AM Wrote:There was 1300 MILLION tonnes of steel made around the world in 2008, 15 million of that total was in Canada. We are such small players and the plant owners carve off pieces here and there willy nilly and could care less about local politics. I wouldn't be surprised at all if it just wasn't a case of conservation of effort. Its just easier to make money in other countries. Stelco (USS)  Hamilton/Nanticoke also specialized in automotive steel and steel for construction and infrastructure where  plants elsewhere may not have been so specialized and affected by downturns?
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I wasn't thinking in terms of local politics but in fact US national politics in the era of the stimulus / bailout and more specifically the "buy american" portions of the aforementioned.

In anticipation of receiving steel orders related to stimulus-based infrastructure projects, and in anticipation of the possibility of even asking for a bailout, I have no doubt that any US based steel company would close down a Canadian plant before they would an American one, regardless of the quality of its product, the efficiency of its production, or the market factors that might otherwise influence such a decision.