Steel Mills
October 23, 2018
Dofasco to Receive Fed Dollars for Modernization
Written by Sandy Williams
ArcelorMittal Dofasco will receive up to $38 million from the Canadian government towards a $156 million modernization project at its Hamilton facility.
The money is part of a C$250 million (U.S. $191 million) fund set up to provide support to steel, aluminum and manufacturing companies impacted by tariffs resulting from the Section 232 measures imposed by the United States. The funding will be a mix of grants and loans provided over the next three years.
