UPDATE 3-ArcelorMittal Canada steelmaker not in search of federal government help -CEO

(Provides comments from Trudeau)

By Allison Martell

HAMILTON, Ontario, March thirteen (Reuters) &#8211 ArcelorMittal Dofasco’s main govt mentioned on Tuesday the organization was not searching for Canadian govt support as the domestic steel market faces uncertainty soon after U.S. President Donald Trump presented short term tariff aid on metal imports.

Sean Donnelly, who heads Canada’s greatest steel manufacturer, added that the authorities should set assets in spot to make sure cheap metal is not diverted to Canada right after Trump made a decision last 7 days to impose a 25 p.c tariffs on metal imports.

Questioned if his business would seek out authorities assist, Donnelly replied: “No.”

Canada is the greatest provider of metal and aluminum to the United States but the metal sector accounted for only 22,000 immediate work and represented 2 percent of exports last yr.

Donnelly spoke to Reuters as Canadian Primary Minister Justin Trudeau visited the steel metropolis of Hamilton to reassure personnel and meet up with with business CEOs, as component of his 7 days-lengthy tour to protect Canadian work. On Monday, Trudeau called Trump to anxiety the require to maintain cross-border supply chains.

Guiding shut doorways, Trudeau and industry representatives spoke about the concern of cheap metal getting into Canada, but did not get into specifics, Canadian Metal Producers Affiliation (CSPA) President Joseph Galimberti explained.

Speaking to reporters, Trudeau stated he was informed of issues that nations around the world now confronted with tariffs could try out to get their steel to the North American industry through Canada and the government was operating with the industry and United States to avert that.

“That is a concern that we share with the Us citizens and we’re heading to preserve making certain that Canadian steel is Canadian metal,” Trudeau mentioned prior to shaking palms and getting selfies with the assembled steelworkers.

Galimberti said the meeting with Trudeau was an “important affirmation” that the government’s months-long involvement in the problem would continue.

Trump has joined long term exemption to the profitable renegotiation of the North American Cost-free Trade Arrangement, creating the business nervous.

The North American sector is greatly built-in, with uncooked components, steel and parts crossing the U.S.-Canadian border many instances prior to a concluded product this kind of as a car is offered to customers. About sixty five per cent of the Hamilton port’s tonnage is iron ore and coal used to make steel.

Hamilton, about 75 km (47 miles) southwest of Toronto, has a inhabitants of 700,000 and residences Dofasco’s mill, coking and finishing operations at Stelco and a assortment of more compact functions that right employ about ten,000 folks in the metropolis. (Reporting by Allison Martell Added reporting by Nicole Mordant in Vancouver and Leah Schnurr in Ottawa Creating by Denny Thomas Modifying by Grant McCool, Peter Cooney and Susan Thomas)