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Port of Hamilton Receives Government Funding for Steel Handling

November 22, 2022

As steel volumes continue to grow, the Port of Hamilton, Ontario, is receiving funding from the Canadian government to increase its steel handling productivity.

Canada’s National Trade Corridors Fund is providing CAD $4.9 million (US $3.65 million) in funding to relieve supply chain congestion at the port. The waterway is a critical piece of infrastructure for the country’s steel, automotive, construction, furniture, appliances, and pre-engineered buildings industries.

The investment is part of the Hamilton-Oshawa Port Authority’s (HOPA) CAD $9.8 million project meant to better the transfer of steel products between transportation modes at the port.

As part of the project, a new, 20,000-square-meter rail transload facility will be built at Pier 15, designed exclusively to handle steel products. The move will add more than 100,000 metric tons of new steel handling capacity.

“As the largest port in Ontario, the Port of Hamilton is the key supply chain gateway for steel and other essential goods that feed the region’s economy. This investment will help to ensure a reliable supply of steel necessary for residential and civil construction projects and for Ontario manufacturers,” commented HOPA president and CEO Ian Hamilton in a press release announcing the funding.

Both flat-rolled steel producers Stelco and ArcelorMittal Dofasco are based in Hamilton.

By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.