Ministry of Economic Development and Growth
Ontario Supporting 4,700 Jobs in Hamilton’s Steel Industry
Hamilton, ON – April 25, 2018
Ontario is partnering with ArcelorMittal Dofasco to support stability in the steel industry, maintain low costs for the North American market and keep 4,700 jobs in Hamilton.
Cristina Martins, Parliamentary Assistant to the Minister of Economic Development and Growth, made the announcement at the company’s headquarters in Hamilton.
ArcelorMittal Dofasco is Canada’s largest steel producer and ships more than 4.5 million net tons of steel every year to top automotive, energy, packaging and construction companies.
With support from Ontario’s Jobs and Prosperity Fund, the company is investing in a Hot Mill modernization project that will significantly improve their plant in Hamilton with state-of-the-art equipment, positioning Dofasco for future growth. These upgrades will help the company to produce and sell higher value products and will strengthen Dofasco’s operations in Ontario and allow the company to offer higher-quality products at lower costs to the North American market.
Supporting good jobs and helping companies modernize is part of the government’s plan to support care, create opportunity and make life more affordable during this period of rapid economic change. The plan includes free prescription drugs for everyone under 25, and 65 or over, through the biggest expansion of medicare in a generation, free tuition for hundreds of thousands of students, a higher minimum wage and better working conditions, and free preschool child care from 2 ½ to kindergarten.
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