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Algoma Steel Group (NASDAQ:ASTL) executives said the company is reshaping its business around Canada as the 50% U.S. Section 232 tariff has “effectively closed” the American market to its products, driving lower shipments, higher costs, and pressure on realized pricing during the fourth quarter and
FRANKFURT/DUESSELDORF, Jan 21 (Reuters) - Warship builder TKMS is in talks with Norwegian and German companies to offer a multi-billion-dollar investment package to Canada in a fiercely competitive submarine tender, its CEO said, seeking to beat a rival South Korean bid. The talks go beyond submarines and cover possible investment commitments in rare earths, mining, artificial intelligence and battery production for the automotive sector, Oliver Burkhard told Reuters.