Steel Markets
January 20, 2015
Canada Draws a Line Re: Buy America Restrictions
Written by Sandy Williams
The government of Canada has invoked a rarely used rule under the Foreign Extraterritorial Measures Act to bar companies from complying with the requirement that only U.S. steel be used in the rebuilding of the Prince Rupert ferry terminal in British Columbia.
Funding for updating of the Prince Rupert Ferry Terminal is coming primarily from the U.S. Federal Highway Administration, which requires Buy America rules. The ferry terminal is leased to the U.S. but is located on land in British Columbia.
