17:37:10 EDT Fri 19 Jun 2026
Enter Symbol
or Name
USA
CA



Honda CDR (CAD Hedged)
Symbol HNDA
Shares Issued 70,000
Close 2026-06-18 C$ 9.94
Market Cap C$ 695,800
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FP says Honda sees new steel plant open in Ontario

2026-06-19 09:05 ET - In the News

The Financial Post reports in its Friday, June 19, edition that ArcelorMittal Tailored Blanks has started production at its $100-million steel plant in Ingersoll, providing a significant boost to the town amid challenges in the electric-vehicle sector and the Canada-United States trade war. Postmedia's Jonathan Juha writes that the 154,000-square-foot plant, announced last fall, is expected to be fully operational by year-end. It will convert steel coils from ArcelorMittal plants in Hamilton and Alabama into custom-cut steel blanks. The blanks will then be laser-welded together at the company's plants in Woodstock and Detroit and used in vehicle frames, including those for Stellantis's Dodge Ram pickup truck and Chrysler Pacifica minivan, produced in Windsor, as well as Honda's Pilot and Passport models. The plant is "part of this chain of highly engineered products that are manufactured in Canada and then put into vehicles that are both manufactured in Canada, but also vehicles that are manufactured in the U.S.," said Todd Baker, chief executive of Arcelormittal Tailored Blanks. The Ingersoll facility, currently with 44 employees and projected to grow to 53, will process up to 100,000 metric tonnes of steel annually.

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