Industry committee  Because we basically don't export into Korea at the steel producer level, I'm saying there obviously wouldn't be a direct impact that way. The indirect consequence would be in, first of all, whether it would improve the trade access for our customers going into Korea. The negative version of that, of course, would be if it made it easier for steel-containing goods from Korea to come into Canada.

Industry committee  It's a major steel producer, yes.

Industry committee  It was before my time, but there were discussions several months ago. I wasn't involved in them personally, so I couldn't speak to you as to the nature or extent of those discussions.

Industry committee  If you spoke to our companies, they'd say many, but I'll certainly give you a couple of primary examples. One is certainly automotive steels. Dofasco and Stelco in particular are very strong. Secondly, another good example comes with respect to what are called old country tubular goods, which is steel industry jargon for products that are made for the oil and gas exploration and development industries.

Industry committee  I think I've identified two that I would put there, but our companies are very good at what they do.

Industry committee  I'm not sure I'd call them niche markets in the sense that a lot of industries would. It has more to do with specialized steel product. For example, one of the big developments in the steel industry over the last decade was the development of what is called the ultra-light steel automotive body, the ULSAB project.

Industry committee  And I think we'll continue to see that specialization.

Industry committee  I apologize. That's probably not in the presentation deck, but it's in my remarks. Our exports last year were in the order of 5.4 million tonnes. Imports were 9.3 million tonnes. So the net trade deficit for steel was about 3.9 million tonnes.

Industry committee  The short answer is yes, it does. I think it has the double impact of not simply being better for the environment but also having some bottom-line consequence if we can figure out the way to do it. There have been issues in cogeneration. I don't speak with expertise in this area, but there are questions, I think, related to how you interconnect with the grid and on what basis, and questions about combination of pricing and about surge power.

Industry committee  It's a bit of an untested proposition, frankly. I think the general view would be, first of all, that programs that are more generally available and those focused on something like cogeneration clearly have a lot of different forms of public benefit associated with them. What we as an industry, for a very long time, have taken a view against are capital or production subsidies to the industry, because, first of all, we oppose them when they occur in other countries, and secondly, they do change the basis for competition.

Industry committee  We've held pretty stable in that range. It's plus or minus a little bit. We're fairly close to Mexico. They may have overtaken us over the last, say, two to three years. But I looked at these data a couple years back; I think we were still number 16 at that point.

Industry committee  We could definitely get you that information. I can tell you that the current number one was not number one five years ago.

Industry committee  If you look at the numbers, over a quarter of the global production is by China.

Industry committee  I think from the point of view of the steel producers, if you were into a regime where you had to buy credit simply to comply, that's not an investment you're making back into your enterprise. We have operated very much on the principle of BATEA. You use the best available technologies economically applicable.

Industry committee  On stress or pressure, we recognize that an important part of the sustainability equation is the environmental performance of the industry. You referred to comparisons since 1990. If I could just give you some data for our industry, for greenhouse gases total emissions are down 17%, and on an intensity basis it's 29%.