REGINA – The Saskatchewan government has announced its support for local steelworkers by increasing purchases of steel from domestic suppliers. This initiative is aimed at strengthening the local economy and ensuring that the Crown corporations are invested in regional manufacturing.
SaskPower, the provincial electrical utility, has secured a significant deal with Evraz North America. The utility has negotiated the purchase of 10,000 tons of steel from Evraz's mill located in Regina. This steel is intended for use in constructing transmission structures and various infrastructure projects across the province.
In addition to SaskPower, SaskEnergy, the gas utility of Saskatchewan, has also contributed to supporting the local steel industry. The utility has ordered 125 kilometers of steel pipe specifically for a new power plant project located near Lanigan, which is southeast of Saskatoon. This investment further reinforces the government's commitment to using local resources in key infrastructure developments.
These moves come in light of increasing challenges faced by the Canadian steel industry, particularly after former U.S. President Donald Trump imposed 25 percent tariffs on Canadian steel and aluminum products. The Saskatchewan government’s decision to enhance local procurement is not only an economic strategy but also serves as an effort to counteract the negative effects of these tariffs on the local steel sector.
Furthermore, it has been reported that in the first three fiscal quarters of the previous year, Crown corporations within Saskatchewan have awarded substantial contracts amounting to $1.2 billion to suppliers located within the province. This figure illustrates the government’s dedication to investing in Saskatchewan-based businesses and fostering a robust economic environment.
The efforts undertaken by the Saskatchewan government to partner with local steel manufacturers not only aim to support the industry financially but also symbolize a broader initiative to prioritize local jobs and economic resilience. By reinforcing local supply chains, Saskatchewan seeks to ensure long-term sustainability and growth in the face of external economic pressures.
This development highlights the ongoing commitment of the Saskatchewan government to leverage local resources while simultaneously confronting the challenges brought about by international trade policies. The recent purchasing agreements with Evraz North America are expected to provide a significant boost to the local steel industry, ensuring that steelworkers in the region will have continued employment opportunities.
Overall, these strategies reflect a proactive approach by the Saskatchewan government in safeguarding local industries and employment during a tumultuous economic landscape shaped by international tariffs and trade challenges.
