Algoma Steel not banking on return to U.S. market: CEO
Construct Connect Canada
AI Article Summary
Algoma Steel’s CEO, Michael Garcia, indicates that the company does not expect a full return to the U.S. market even if trade deals are reached between Canada and the U.S. While a resolution could improve profit margins, the past market dynamics are unlikely to be restored. Garcia, who will retire at the end of the year, remains cautious about the company's future U.S. market engagement.
What This Means for Canadian Contractors
This situation shows how trade uncertainties can affect strategic decisions for Canadian steel producers. For Canadian builders, this means potential shifts in supply chain dynamics and pricing structures. It underlines the importance of diversifying markets and staying adaptable to changes in international trade agreements.
