Theres actually been hundreds of hotel rooms added to hamilton in the last decade with more on the way. Two major hotels have opened in downtown hamilton as well. Another major one slated for Centennial parkway. Another was built on stone church and dartnall, another on upper james.
I work in the steel industry and the whole industry is in the tank right now. Once it picks up again, the U.S Steel works in the Hammer should hopefully follow suit.
I work in the steel industry and the whole industry is in the tank right now. Once it picks up again, the U.S Steel works in the Hammer should hopefully follow suit.
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I doubt it Fumblitis. From my understanding the major furnaces they shut down, they didn’t idle them. So to bring many of them back up requires them to be re-bricked. I’m to also understand some of their cold mills are very out of date. The cost of replacing or starting them back up I’m to understand will be a fairly steep chunk of change.
That said, all hearsay and I’m no expert on the subject.
Not stupid at all THF is in a residential area. In MLB Yankee Stadium is also in a residential area. Although they do have much more parking then there is around THF. People do take the subway or El to the stadium. I went in a few times. we got a room at a days in somewhere in Manhatten and took the train to the stadium. Us and about a billion (exageration but you get the point) people did the same.
I work in the steel industry and the whole industry is in the tank right now. Once it picks up again, the U.S Steel works in the Hammer should hopefully follow suit.
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I doubt it Fumblitis. From my understanding the major furnaces they shut down, they didn’t idle them. So to bring many of them back up requires them to be re-bricked. I’m to also understand some of their cold mills are very out of date. The cost of replacing or starting them back up I’m to understand will be a fairly steep chunk of change.
That said, all hearsay and I’m no expert on the subject.
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If the potential profit from new business outweighs the cost of rebricks, upgrading mills, etc., then it’s still s possibility. The cost of idling those furnaces was probably a lot more than a potential rebrick if business picked up in the future and whether the parent company deems it feasible to put any more money towards it. I hope thats the case for the sake of Hamilton’s economy.
I doubt it Fumblitis. From my understanding the major furnaces they shut down, they didn’t idle them. So to bring many of them back up requires them to be re-bricked. I’m to also understand some of their cold mills are very out of date. The cost of replacing or starting them back up I’m to understand will be a fairly steep chunk of change.
That said, all hearsay and I’m no expert on the subject.
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If the potential profit from new business outweighs the cost of rebricks, upgrading mills, etc., then it’s still s possibility. The cost of idling those furnaces was probably a lot more than a potential rebrick if business picked up in the future and whether the parent company deems it feasible to put any more money towards it. I hope thats the case for the sake of Hamilton’s economy.
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Hamilton’s economy doesn’t rely on steel anymore. Weather the ovens are started up again won’t make or break its economy. It has taken a page out of Pittsburgh and diversified its economy. Major players are now healthcare, post secondary institutions and start ups.
Dofasco-arcelmittal - is still the largest private employer in Hamilton with 5,000 direct jobs. If US Steel closes then expect Dofasco to pick up some of that business.
Dofasco relies on the auto industry, which relies on the US. 90 per cent of the cars produced in Canada are shipped to the US. With the price of gas dropping and the US economy booming expect more steel from Hamilton and more jobs created.
So yes, Hamilton still relies on steel, 5000 jobs and the jobs that spin off jobs that rely on them 5,000
That’s just it though Fumbl. The whole point of idling them is so that you don’t have to re-brick them. Basically you do it because while the market is bad now, but you expect it to pick up because the cost of a re-brick and spinup is substantial. U.S. Steel shut it down because they don’t see the plant being profitable in the near future. U.S. Steel Canada is filing for bankruptcy and you can’t just remove yourself during mid-bankruptcy proceeding. They are washing their hands of the plant. Now sure, Dofasco might swoop in a buy some of the old land/equipment but I doubt it.
From my understanding, right now the Steel industry isn’t in the tank anymore in Canada because of the U.S. dollar rebounding. U.S. Steel instead bought the plant with the intention of closing it to eliminate competition and because they want to rip off our country by claiming U.S. Steel Canada is a separate entity from U.S. Steel and U.S. Steel Canada owes U.S. Steel money because it invested in them.
Yeah to say the least. The sale of Stelco to U.S. Steel was handled directly by the Federal Government (IE: Harper’s cabinet) and they’ve keep the terms of that sale air tight, although what was known that they were obligated to keep the plant open for a certain number of years (three I believe) which passed some time ago, since they got it at a fire sale price. However, now they are washing their hands of the plant, and if they are allowed to file this kind of BS bankruptcy filing to make money at the expense of our tax dollars, you can thank Harper who didn’t work protections to prevent this into the sale.