Canada will provide $100 million to support domestic steel and aluminum producers

Published: Mar 12, 2019 10:19

Source: Shanghai Nonferrous Metals Network

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SMM3, 12 Feb. the federal government of Canada has announced a $100 million funding to support small and medium-sized steel and aluminum producers in all parts of Canada.

Funding from the plan will range from $150000 to $1 million and is expected to support steel and aluminium producers in about 150000 small and medium-sized enterprises.

In 2017, the Canadian steel and aluminum industry employed more than 33500 Canadians and contributed $8.9 billion to Canada's gross domestic product.

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