Canada once had an ‘at the time’ super-modern steel industry. Stelco and Dofasco were on the leading edge of steel making tech, using the most advanced for-the-time automated systems. But they fell behind European and Asian technology, became inefficient, and essentially closed up shop. If Canada us to be competitive, we need to completely rethink how we do things. For instance, here is an example of the newest steel making technology that is carbon-friendly, and Canada needs to take a serious look at it.
This is the type of investment needed in Canada.
https://interestingengineering.com/innovation/sweden-green-hydrogen-powered-steel
I am from Hamilton. I am well aware of what happened to Dofasco. Once a proud and mighty company, now a branch plant.
https://www.cbc.ca/news/canada/hamilton/arcelormittal-dofasco-decarbonization-update-1.7309360
ArcelorMital is NOT Dofasco. Same building, different company, different management, different decision makers. No loyalty or commitment to Hamilton. While Europe does, Canada just dithers. Now the big decisions are all made off shore. The original Dofasco, in its heyday, would have made the investment sooner. That company was a world leader.
https://www.bbc.com/news/business-64538296
Will we ever see headlines like the above?THAT would ensure Canada’s future.