Stelco Holdings, owned by Ohio-based Cleveland-Cliffs since a $3.4-billion acquisition in late 2024, announced it will indefinitely idle cold-rolled and coated operations at its Hamilton Works plant beginning around October 9. The company says the move is required “to help ensure the survival of Stelco.” About 350 workers at Hamilton are expected to be laid […]
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President Donald Trump announced Monday that Mesabi Metallics will construct a roughly $15 billion steel complex in Iowa—described by the White House as the largest steel plant in U.S. history. Combined with additional investment to complete the company’s Minnesota iron ore operations, the integrated project is valued at about $18 billion. The plant is slated […]
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That is the argument Javier Blas is making in his September 23 Bloomberg Opinion column, China Isn’t Buying More Oil, It’s Buying From Different Markets (also framed as “Don’t Believe the Hype About China’s Oil Buying”). The global market treated China’s pre-war appetite as a floor. In 2026 it became a valve. The Blas thesis: […]
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On September 16, 2026, European Commission President Ursula von der Leyen used her State of the Union address in Strasbourg to invite Canada to become the European Union’s first “associate member.” Canadian Prime Minister Mark Carney sat in the front row as guest of honor. The chamber gave him a standing ovation. Von der Leyen […]
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The U.S. Energy Information Administration just raised its 2027 U.S. crude oil production forecast to a record 14.3 million barrels per day. On paper, that looks like good news for American energy security. In the real market of September 2026, it is only half the story. Oil prices are back above $100 a barrel this […]
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Volkswagen’s board has approved the largest restructuring in the company’s 89-year history: about 100,000 jobs gone by 2030, a slashed model lineup, and four German plants—Emden, Zwickau, Hanover, and Audi’s Neckarsulm—facing a phased wind-down between 2031 and 2034. That is not a cyclical downturn. It is what happens when energy policy prices a manufacturing nation […]
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That is not a talking point. It is the arithmetic of an integrated energy market that Ottawa cannot wish away, and Washington already understands. Smith’s warning, circulating widely after her CBC Power & Politics appearance and a clip posted by Stephen Taylor, is blunt: Alberta businesses will be hurt more by Canada’s own counter-tariffs than […]
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Turkey faces heightened risk of disrupted natural gas supplies from Iran following the U.S. Treasury’s launch of an intensified economic isolation campaign against Tehran on August 24, 2026. As a key U.S. ally and Iran’s third-largest trading partner, Ankara must navigate secondary sanctions threats that could complicate or sever one of its major pipeline gas […]
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Prime Minister Mark Carney’s government has accelerated efforts to deepen Canada’s economic and security ties with the European Union, framing diversification as essential amid escalating trade friction with the United States. Official statements and actions indicate a strategic pivot toward Europe (and select other partners) rather than prioritizing new comprehensive U.S. trade arrangements beyond existing […]
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HF Sinclair Corporation (NYSE: DINO) just delivered its strongest quarterly results in years while simultaneously announcing it will retire the base oil refining assets at its Mississauga, Ontario facility—Canada’s largest (and essentially only significant) producer of Group II and Group III base oils. The decision comes amid a highly profitable lubricants segment, not losses. The […]
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