CANADIAN STEEL MARKET SHIFTS WESTWARD TO GROWING ENERGY HUB
July 5th, 2014
Market dynamics are shifting east to west for the Canadian steel industry as demand from the country’s flourishing oil and gas industry outstrips traditional manufacturing.Requiring CAD4 billion’s (USD3.76 billion) worth of steel annually, the country’s energy industry, overwhelmingly based in western Canada, currently represents more than a quarter of country’s demand for steel, which totals CAD14 billion (USD13.17 billion) annually, according to the Canadian Steel Producers Association (CPSA). This is only exceeded by the demand for steel from ...
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