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International Trade committee My comment would be that we face a host of challenges. They seem to change every day, but if I were to list number one, it would be the trade issue. It's been there for decades. As quickly as you solve one particular case, one particular product, with a number of countries, you'r
March 21st, 2017Committee meeting
Michael McQuade
International Trade committee Unequivocally yes, there is. I won't get into details. We're in the midst of credit protection. We think we're in the home stretch. Having said that, I make it analogous to a marathon. That last 20% is going to be some of the most difficult stretch, as we move through the comin
March 21st, 2017Committee meeting
Michael McQuade
International Trade committee As late as 2010, I believe, there was a significant investment made in the waste-water treatment plant in Hamilton. It is well ahead of the curve in terms of its overall environmental performance, compliant with standards that are out there and still to be achieved in years to co
March 21st, 2017Committee meeting
Michael McQuade
International Trade committee The order book is strong. We're running above the North American average, but we are also poised, on emergence, to be just that much more successful. The automotive sector in particular is waiting until the supply chain is clean, and we continue to keep up our communication with
March 21st, 2017Committee meeting
Michael McQuade
International Trade committee They absolutely are. When you have 400 million tonnes of surplus capacity over and above what's already being exported, just the presence of an offer—it doesn't even have to be a boatload—has a tremendous suppressive effect on pricing and is detrimental to the Canadian steel indu
March 21st, 2017Committee meeting
Michael McQuade
International Trade committee Yes. Lake Erie, built in 1980, is actually the most modern greenfield site in North America, and there has been significant investment made in the Hamilton facilities. What is left operating today is, we believe, world-class. We had benchmarking, as members of the larger U.S. Ste
March 21st, 2017Committee meeting
Michael McQuade
International Trade committee In closing, we have 2,000 employees, 15,000 retirees, and many more in the Hamilton and Nanticoke areas who depend on our business. Thank you for your time.
March 21st, 2017Committee meeting
Michael McQuade
International Trade committee Good afternoon, honourable members of the committee. I'd like to thank you for the opportunity to speak to the viability of the Canadian steel industry and Stelco, in particular. Stelco has a history of building Canada and the landmarks that dot our landscape. For over 100 years
March 21st, 2017Committee meeting
Michael McQuade