The steel sector has undergone many changes over ther years- but the Canadian Steel Trade & Employement Congress is working hard to keep it running as strong as ever. According to the study, several recent developments are proving to be big challenges for the steel industry. For example, economic recovery in the steel sector is likely to be slow due to the high Canadian dollar and weak gross domestic product growth in the US. By 2015, employment among fabricators, foundries and service centres is also expected to be lower than pre-recessionary levels.
Bob Jones, CSTEC Executive Director, remarked on the relevance of the 2010 Sector Study, "There has been a sea change in the Canadian steel industry since the last CSTEC Sector Study which was completed back in 2005. Whether you are in some way connected to the steel industry, or just an interested observer, you will find this report and recommendations particularly timely and interesting."The study's National Project Manager, Ron McClure, will be rolling out a campaign to introduce the highlights of the Study this summer and fall to a variety of interested groups and public forums across Canada.