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‘No Certainty’: Calgary Companies Relying on Steel Need Relief From Trade War

Summary by CTV News
Calgary companies that rely on steel are bracing for the upcoming trade deal deadline with the United States.

5 Articles

Right

Trump's trade war is taking a heavy toll on ArcelorMittal. The Luxembourg-based steelmaker, listed on the Amsterdam Stock Exchange, has lowered its steel demand forecast for this year. The company expects the trade war to harm economic growth.

·Amsterdam, Netherlands
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ArcelorMittal has lowered its steel demand forecast for this year, as President Donald Trump's trade war is hurting economic growth. The company, one of the world's largest steel producers, now anticipates growth of 1.5 to 2.5 percent. Previously, ArcelorMittal expected growth in steel demand, a key indicator of the global economy, of 2.5 to 3.5 percent. China is excluded from the figures.

·Apeldoorn, Netherlands
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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right

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rd.nl broke the news in Apeldoorn, Netherlands on Thursday, July 31, 2025.
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