[Canadian ST]

2001 ZTS,Mar 8 2009, 10:13 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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Well I can a agree with you on some points, but in 2008 US steel Nanticoke had the highest profit margin in all of North America. So Nanticoke may not produce as much steel but we do it at a fraction of the cost, plus we can finish our steel on site
Vs shipping it to another facility to get finished.