LATEST NEWS Steel
July 16, 2012
Canadian Institute of Steel Construction optimistic about near future
The Canadian Institute of Steel Construction (CISC) is optimistic about the industry’s prospects for the next year or two.
“Overall, I’d say the outlook is very positive,” says president Ed Whalen.
The institute, which represents fabricators, detailers, steel mills and steel service centers as well as erectors and suppliers, expects natural resources development will drive construction “for a few years to come.
“We believe the steel industry will be following right along,” Whalen said in an interview.
In its annual report, the institute said most regions of the country have seen substantial growth in the past year.
Alberta and Saskatchewan have led the way, with Newfoundland and the Maritimes close behind due to natural resources and shipping contracts.
Looking ahead, Whalen said proposed development in northern Quebec could translate into opportunities for CISC members “in probably two years’ time.”
In Ontario, the Pan Am Games and transit expansions in the Toronto area will mean work down the road. As will industrial development in the north, according to the CISC.
Whalen said most fabricators are “pretty comfortable” with current capacities and staffing levels. Institute members include fabricators of structural steel, open-web steel joists and steel platework.
The Markham-headquartered institute has 665 members.
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 321 projects with a total value of $20,605,386,875 that Reed Construction Data Building Reports reported on Friday.
$500,000,000 Province of Ontario ON Prebid
$139,300,000 Toronto ON Prebid
$67,650,000 Toronto ON Prebid
- NTCCC takes to Parliament Hill tomorrow
- Emerald Park Progress
- “Super beam” installed in Montreal Champlain Bridge repair
- Is there energy gold to be mined in sewage processing?
- Ottawa LRT tunnel boring machines named
- Better transportation key to quality of life, states CivicAction
- Three World Cup stadiums behind schedule
- Ontario introduces legislation to help protect vulnerable workers
- Istanbul’s Grand Bazaar inspires design of new strip mall currently being built in Las Vegas
- VIDEO: Journal of Commerce Update for the week of December 9th, 2013
- Building the One
- New design-build contracts released
- Sales tax transition has been a mixed bag for industry
- Taseko files for judicial review of gold mine assessment
- Contract uncertainty and price escalation
- Edmonton college expansion moves ahead
- Council of Construction Associations names Dave Baspaly as new president
- $100 million added to Calgary's capital budget
- Massive investment will complete Kitimat smelter project
- Manitoba invests $45 million
- Corruption charge in probe of SNC-Lavalin