Thanks to recent consolidation, the Canadian metals industry has emerged as a truly international sector – with global owners and global customers. In fact, nearly all of Canadian steel is now owned by foreign markets.
While this consolidation has brought numerous benefits to the Canadian metals sector, it has also made it vulnerable to the ongoing downturn in the economy. Fluctuating commodity prices and a lack of credit have hamstrung Canadian steel producers, affecting profitability and future growth.
How PwC can help
PwC’s Metals industry practice has more than 350 metals professionals in more than 30 countries. Having worked for nearly 60% of the world’s market, we are the leader among professional services firms in serving the metals sector. We help our clients address a wide range of pressing industry issues, including the following discussed on our Global Metals website:
Our Canadian team also has access to dedicated professionals in the areas of sustainability, performance improvement and conversion to International Financial Reporting Standards (IFRS) to help Canada’s metal companies face the challenges of tomorrow. Contact us today to see how we can help you.