Hamilton's economy? - Page 19

drpgq · #**361** Posted **Feb 20, 2018, 3:32 AM**

I wonder how well this will do compared to CoMotion. Regus seems pretty stodgy in comparison. Maybe WeWork shows up as well.

Zmonkey · #**362** Posted **Mar 2, 2018, 11:57 AM**

Trumps tariffs could really turn this city around. Wonder what the 3 party leaders of the provincial election will say to this.

https://www.thestar.com/news/canada/...-hamilton.html

drpgq · #**363** Posted **Mar 2, 2018, 3:15 PM**

It's pretty much a federal issue. Maybe Bob Bratina will do something.

movingtohamilton · #**364** Posted **Mar 2, 2018, 3:19 PM**

Quote:

Originally Posted by drpgq

It's pretty much a federal issue. Maybe Bob Bratina will do something.

Hahaha. As if.

lachlanholmes · #**365** Posted **Mar 2, 2018, 9:50 PM**

Quote:

Originally Posted by drpgq

It's pretty much a federal issue. Maybe Bob Bratina will do something.

The only thing Bob Bratina should do is resign. He's a disgrace.

ScreamingViking · #**366** Posted **Mar 3, 2018, 12:13 AM**

Bobra will blame Burgermeister Eisenberger... not directly mind you, since he's not one to point fingers in specific directions, but he'll say something like "when I was mayor, this would never blah-blah-bobra-blah..."

Quote:

Originally Posted by Zmonkey

Trumps tariffs could really turn this city around. Wonder what the 3 party leaders of the provincial election will say to this.

Turn this city around? The tariffs might be the death knell for whatever resurgence the New Stelco is realizing, and affect AM-Dofasco in a big way. While I want to see a lot of positive economic activity occur on all the land that Stelco will no longer be using, its renewal is a good thing even if on a limited scale, and the secondary impacts of a shock to the steel industry would hit the city hard even given the economic diversity it now has.

drpgq · #**367** Posted **Mar 3, 2018, 2:50 PM**

If Canada gets exempted like last time I suppose it could help, although with Trump that seems unlikely.

bigguy1231 · #**368** Posted **Mar 3, 2018, 5:21 PM**

It more than likely won't have any effect on steel sales. The Americans don't have the capacity to to produce what they need so they have no choice but to import steel. Just like with softwood lumber, the demand will still be there and those extra costs will be passed on to consumers. Where job loses may occur will be in the US where most of the consumer products using imported steel are made. Those industries will suffer through lower sales.

SteelTown · #**369** Posted **Mar 8, 2018, 8:52 PM**

Can breathe a little easier now, no steel tariffs to Canada.

durandy · #**370** Posted **Mar 8, 2018, 9:00 PM**

For now. It's still being used as a threat in the NAFTA talks.

realcity · #**371** Posted **Mar 9, 2018, 1:12 AM**

Quote:

Originally Posted by bigguy1231

It more than likely won't have any effect on steel sales. The Americans don't have the capacity to to produce what they need so they have no choice but to import steel. Just like with softwood lumber, the demand will still be there and those extra costs will be passed on to consumers. Where job loses may occur will be in the US where most of the consumer products using imported steel are made. Those industries will suffer through lower sales.

I don't know about that. there are a lot of shuttered steel mills in the US. Bethlehem and USSteel can pretty much take the wrap off some of them and start being self-sufficient when it comes to manufacturing.

At one point, a country was never truly developed until it had steel making capacity domestically. Read about the history of Stelco, every major and medium city was hoping to land Stelco. A modern day Amazon bid. But back then and today it still means something to produce steel. [pounds fist on heart]

realcity · #**372** Posted **Mar 9, 2018, 1:19 AM**

Toronto bid for Stelco, London, Kingston, Montreal, Vancouver, all put in a bid for the Steel Company of Canada to locate in their city. Hamilton won. Hamilton won the Amazon bid of the day. It was a gold mine for a city like Hamilton.

Reason #1 Access to Sea Ports, (St. Lawrence Seaway} the harbour was dredged for deeper hull sea-going ships (Salties) as well Lakers were already there from all over the Great Lake Ports and Railways #2 Labour force, back in the day they could hardly have enough employees. Anyone who could walk and chew gum went up and put in their job application, walked away with a job for life that could raise a family on the east mountain suburbs in a comfortable raised ranch.

bigguy1231 · #**373** Posted **Mar 9, 2018, 7:03 AM**

Quote:

Originally Posted by realcity

Toronto bid for Stelco, London, Kingston, Montreal, Vancouver, all put in a bid for the Steel Company of Canada to locate in their city. Hamilton won. Hamilton won the Amazon bid of the day. It was a gold mine for a city like Hamilton.

Reason #1 Access to Sea Ports, (St. Lawrence Seaway} the harbour was dredged for deeper hull sea-going ships (Salties) as well Lakers were already there from all over the Great Lake Ports and Railways #2 Labour force, back in the day they could hardly have enough employees. Anyone who could walk and chew gum went up and put in their job application, walked away with a job for life that could raise a family on the east mountain suburbs in a comfortable raised ranch.

You might want to check your history. Stelco was founded in Hamilton not by bid but by locals. It was an amalgamation of several local steel producers.

ScreamingViking · #**374** Posted **Mar 10, 2018, 4:40 AM**

And the industry was here long before the current deep-water Seaway opened in 1959.

An earlier version of the Welland Canal provided access to Lake Erie and beyond, and there were locks on the St. Lawrence. The industrial demand for shipping, along with growth in trade due to population and economic growth, was impetus for expansion that became the Seaway. Though that in turn allowed industry to take advantage of greater marine transportation capacity, and expand its own production.

SteelTown · #**375** Posted **Mar 14, 2018, 4:23 PM**

The National covers the diversification of Hamilton's economy:

http://www.cbc.ca/player/play/1185232451670

Trudeau offers reassurance to steelworkers, but do they need it?
The National

Prime Minister Justin Trudeau is presenting himself as Canada's 'Man of Steel' offering his reassurance to Hamilton steelworkers that the federal government has prioritized their interests. But there's no indication they should even be concerned. With a booming economy and rock-bottom employment rates, the city's economy is less dependent on steel than you might think

NortheastWind · #**376** Posted **Mar 14, 2018, 5:24 PM**

I heard that Hamilton Specialty Bar was suppose to have a meeting yesterday to announce that they are reopening there plant. But the meeting was cancelled for some unknown reason.

markbarbera · #**377** Posted **Mar 14, 2018, 7:34 PM**

The union asked bankruptcy court for a liquidation extension to finalize last minute buyout https://www.platts.com/latest-news/m...ilton-26908670

...and they got it http://www.cbc.ca/news/canada/hamilt...date-1.4576282

SteelTown · #**378** Posted **Mar 26, 2018, 10:53 PM**

Hamilton steel company fails to secure buyer, will be liquidated

http://www.cbc.ca/news/canada/hamilt...ated-1.4593899

Hamilton Specialty Bar will be liquidated after failing to secure a bid to keep it running.

realcity · #**379** Posted **Mar 28, 2018, 2:37 PM**

and the hits keep on coming. pathetic

NortheastWind · #**380** Posted **Mar 28, 2018, 4:50 PM**

On CHML news this morning Marvin Ryder said there is a lot less demand for the product Hamilton Specialty Bar makes as vehicle manufactures are turning to lighter material (like composites) for their vehicles.