Steel Mills
March 7, 2019
Canadian Government Tells EVRAZ: "We've Got Your Back"
Written by Sandy Williams
The federal government of Canada announced it will give EVRAZ North America C$40 million ($29.78 million U.S.) from its Strategic Innovation Fund to help with C$112.6 million of upgrades planned at facilities in Regina and Red Deer, Alberta.
“This will enable the company to produce valued-added OCTG products that match Canadian market demand and make them available at a competitive price to Canadian resource firms that, like EVRAZ, are facing shortages owing to the cost-prohibitive effects of U.S. tariffs,” said the Canadian government in a press release.
