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Globe and Mail
16-07-2025
- Business
- Globe and Mail
Carney cracks down further on cheap steel imports into Canada in bid to protect domestic mills
Ottawa is cracking down further on imports of foreign steel into Canada to help Canadian mills that have effectively been shut out of the U.S. market by President Donald Trump's tariffs. Less than a month ago, the federal government announced that countries such as China and Turkey that don't have free trade agreements with Canada will face tariffs of 50 per cent if they ship into Canada volumes above 2024 levels. Prime Minister Mark Carney at a steel manufacturing plant in Hamilton announced that he is tightening that quota now to 50 per cent of 2024 levels. Carney changes messaging, says chances are low for tariff-free trade deal with U.S. In addition, countries that have free-trade agreements with Canada, apart from the U.S., will be subject to a tariff of 50 per cent if they ship more than 100 per cent of 2024 volumes of steel into Canada. Mr. Carney is taking the additional trade measures after the steel industry made it clear that the trade measures his government took in June were not enough to protect Canadian steel mills from an avalanche of cheap metal flooding into the country. The government has acknowledged that the global steel tariff of 50 per cent imposed by Mr. Trump creates an environment where foreign steel producers are motivated to divert shipments formerly destined for the U.S. market to Canada. That dynamic hurts Canadian steel mills because those producers are often selling metal into Canada at artificially low levels. Canadian steelmakers such as Algoma Steel Group Inc. say that countries such as Vietnam, Malaysia and Korea, which have free-trade agreements with Canada, routinely dump steel into Canada. Steel producers warn of dire consequences of 50% tariff if broader U.S. trade deal isn't reached Before Mr. Trump imposed 25-per-cent tariffs on the steel sector in March, Canadian steelmakers shipped about half of their output, representing almost all of their exports, to the U.S. After Mr. Trump doubled the tariff to 50 per cent last month, domestic steel mills have been shut out of the U.S. To make up for the huge drop in revenue, Canadian steel companies have been trying to sell more steel in Canada. But owing to dumping by foreign steelmakers into Canada that has been a difficult task. EVRAZ North America and Welded Tube of Canada on Wednesday announced they have filed an antidumping duty complaint with the Canada Border Services Agency, targeting unfairly priced imports of certain steel tube and pipe products originating from Mexico, the Philippines, as well as from Turkish and Korean producers. The two steelmakers in a statement alleged the imports are being sold into the Canadian market 'at unfairly low prices, causing significant and ongoing injury to Canadian manufacturers.'
GMA Network
04-06-2025
- Business
- GMA Network
PH Catholic Church falls behind goal to divest in fossil fuel, mining operations — study
The Philippine Catholic Church has been lagging in its efforts to divest investments in companies involved in fossil fuel and mining operations in the past decade, according to a report published by a non-government organization and the Church's charity arm. The Catholic shareholders' report, which was launched on Wednesday entitled "A Decade of Divestment for Our Common Home' identified Catholic stockholders of 16 corporations that have been identified to finance fossil fuel and mining operations. The report was published Living Laudato Si Philippines, an NGO that started as an interfaith movement initiated by Catholic lay people calling on Philippine financial institutions to divest from coal-related operations and other environmentally harmful activities, and Caritas Philippines. From 2015 to 2024, the study showed that only P167.5 million worth of stocks have been divested by Catholic shareholders from the said corporations. It can be recalled that the Catholic Bishops' Conference of the Philippines (CBCP) issued a Pastoral Letter in 2022 that detailed the committment to withdraw support for non-renewable energy resources such as fossil fuel by the end of 2025. 'Without clear commitments and policies from these banks to divest from fossil fuels, we (CBCP) commit to withdraw all our resources that are with them not later than 2025, and hold them accountable to their fiduciary duties and moral obligations as climate actors,' the 2022 Pastoral Letter read. GMA News Online has reached out to CBCP for comment. The report also identified nine archdioceses and 20 dioceses as stockholders of at least one of the 16 corporations and more than 140 congregations, missionaries, schools, universities, research institutions, seminaries, and other groups were also identified as stockholders. Meanwhile, the stocks of the Archdiocese of Manila in six corporations, which are valued at P43.6 billion as of December 2024, did not decline in the past decade. GMA News Online has reached out to the Archdiocese of Manila for comments. The report noted that 10 Catholic groups divested in a Philippine conglomerate company within the past decade, while four organizations increased their shares. This resulted in a 16% decrease in stocks and a 25% growth in total value for all Church shareholders. And at least 13 Catholic Church groups own 61% shares of the conglomerate company. "For the CBCP to meet its divestment pledge, it must decide on how to enable the dioceses and other groups to navigate the entire divest-invest process,' said John Leo Algo, Living Laudato Si deputy executive director for Programs and Campaigns. 'This involves letting bishops know exactly where their finances and assets are, improving their literacy on sustainable financing, and giving them the understanding that divest-invest is ultimately a process of just transition," Algo added. Synodality San Carlos Bishop Gerardo Alminazan, head of the CBCP National Laudato Si Program, noted the importance of synodality, or journeying together, in dealing with the divestment challenges. "We must walk the talk, aligned with the Laudato Si' and our previous pledges. We are currently taking steps to strengthen our programs, such as on green auditing, capacity-building for financial officers in dioceses, and forming partnerships to accelerate our divestment towards more sustainable reinvestment," said Alminazan, who is also the Vice President of Caritas Philippines. Published in 2015, Pope Francis' "Laudato Si: On Care for Our Common Home' tackles climate change and humans' role in caring for the earth. To address the divestment challenges, the report recommended the following to the CBCP and other institutions: Produce a report presenting a list of viable options for sustainable investments Conduct a comprehensive financial mapping and auditing of all Philippine dioceses for a more accurate assessment of the CBCP's progress in divestment Continue the rollout of the divest-invest executive course, with a stronger emphasis on improving ecological understanding, financial literacy, and ethical decision-making Create new partnerships in sustainable financing, and foreign faith-based organizations with progress in the divest-invest process Persuade current Catholic stockholders to influence corporate leadership to transition away from ecologically-harmful industries and activities Enhance the multisectoral implementation of strategies and programs relevant to divest-invest under the National Laudato Si' Program "The Church continues to reach out through a new dialogue as a compassionate bridge of respectful understanding. Transformation must start from within because it is in witnessing that we take action as we are all called to live by the teachings of the Gospel and the guidance of those who lead us,' said Rodne Galicha, Laudato Si Executive Director. — BAP, GMA Integrated News
Yahoo
15-04-2025
- Business
- Yahoo
Supply Chain Control Tower (SCCT) Market on a Steady Growth Path: Projected to Grow Through 2030 at CAGR 13.42%
Sustainable 13.42% CAGR Reflects Enduring Supply Chain Control Tower (SCCT) Market Demand Across Sectors MIDDLETON, Mass., April 15, 2025 /PRNewswire/ -- QKS Group, a premier market intelligence and advisory firm, has released its latest in-depth analysis of the global Supply Chain Control Tower (SCCT) Market, projecting a compound annual growth rate of 13.42% through 2030. The new reports - 'Market Share: Supply Chain Control Tower (SCCT), 2024, Worldwide & Regional Report' and 'Market Forecast: Supply Chain Control Tower (SCCT), 2025-2030, Worldwide & Regional Report' - the market is expected to grow at a compound annual growth rate of 13.42% through 2030. This analysis equips businesses with the strategic intelligence needed to navigate the dynamic SCCT landscape and make informed decisions as the market continues to evolve. The Next Growth Frontier in SCCT Platforms The Supply Chain Control Tower (SCCT) is increasingly vital today as it provides real-time, end-to-end visibility across the supply chain, enabling faster and data-driven decisions. Leveraging AI/ML algorithms, IoT sensors, and cloud-native platforms, SCCTs proactively detect disruptions, simulate scenarios, and automate responses. Integration with ERP, TMS, and MES systems ensures seamless data flow and contextual intelligence. In today's volatile, interconnected supply chains, SCCTs empower users with predictive insights, agility, and resilience. According to Moumita Neogy, Analyst at QKS Group, "The Supply Chain Control Tower has evolved into a strategic nerve centre, empowering organizations with real-time intelligence and predictive capabilities. By harnessing AI, IoT, and cloud technologies, SCCT platforms transform fragmented supply chain data into actionable insights—enabling agility, resilience, and smarter decision-making in an increasingly complex world." Key Market Insights from QKS Group's Report Global and Regional Market Analysis: A deep dive into worldwide and regional SCCT platform adoption trends, competitive landscapes, and future growth projections. Competitive Benchmarking: A comparative analysis of top SCCT vendors, their market positioning, and strategic differentiators. Industry Adoption Trends: Insights into which sectors are investing most heavily in SCCT solutions and why. Technology Disruption & AI's Role: Technology disruption, led by AI, is revolutionizing Supply Chain Control Towers by enabling real-time analytics, predictive insights, and autonomous decision-making. AI enhances anomaly detection, demand forecasting, and response orchestration across dynamic supply networks. Market Leaders & Competitive Landscape The report covers key industry players, including Algo, Alloy, Blue Yonder, Elementum, GEP, IBM, Infor, Kinaxis, LOG-NET, o9 Solutions, Oracle, SAP, SupplyOn, TESISQUARE. Why This Matters for SCCT Vendors? For CEOs, CFOs, and CSOs of SCCT solution providers, the SCCT platform is a critical differentiator that addresses the growing demand for visibility, agility, and automation in modern supply chains. It enables them to deliver high-value, AI-driven capabilities like predictive analytics, risk mitigation, and end-to-end orchestration. By integrating SCCT into their offerings, providers can enhance customer experience, drive innovation, and remain competitive in a rapidly evolving market landscape. Get Access to Exclusive Market Insights (single report or subscription offering) Market Share: Supply Chain Control Tower (SCCT), 2024, Worldwide Market Forecast: Supply Chain Control Tower (SCCT), 2025-2030, Worldwide The comprehensive research package includes: Most Comprehensive Market Forecast Analysis: A separate market forecast report for each of the regions, including North America, Asia Pacific, European Union, MEA, Latin America Unmatched Competitive Analysis: A separate market share report for each of the regions, including North America, Asia Pacific, European Union, MEA, Latin America QKS TrendsNXT on SCCT market QKS TAMSAM Insights report on the SCCT market Exclusive Analyst Advisory Sessions for strategic decision making and validation About QKS Group QKS Group, formerly Quadrant Knowledge Solutions, is a leading global advisory and research firm, dedicated to empowering technology innovators to accelerate their growth journeys and enable technology adopters to achieve their digital transformation objectives. Click below to learn more about Competitive Intelligence Service: To gain access to the full market insights, growth forecasts, and competitive analysis, Connect: Shraddha Roy PR & Media RelationsQKS GroupRegus Business Center35 Village Road, Suite 100,Middleton Massachusetts 01949United StatesEmail: shraddha.r@ Content Source: with us on LinkedIn- Logo: View original content: SOURCE QKS Group
