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Unlike rival Stelco, Dofasco is not unionized.As a result, Dofasco has avoided many of the strikes and work stoppages which have plagued its cross-town rival. Some investors complained that the profits should have been distributed to shareholders as a special dividend rather than giving workers larger bonuses, which was a factor in the underperforming stock price despite strong results.
Sherman is the great-grandson of Frank A. Sherman, cofounder of Dofasco, a steel company in Hamilton, Ontario. Sherman grew up in Muskoka , where he was homeschooled by his mother, whom he credits with his interest in writing.
This page was last edited on 25 April 2005, at 18:27 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
Steelmaking in Canada has long been associated with pollution. For example, in 1989, Stelco and Dofasco were listed among the "dirty dozen" polluters in Ontario: "For many years Steeltown's two giants pumped liquid discharges that contained cyanide, phosphorus, ammonia, solvents and phenols straight into Hamilton Harbour. Stelco, in particular ...
At the time of the transaction, it was reported that Algoma had 9,000, largely unionized, employees. Dofasco owned Algoma from 1988 to 1991, making the combined company the largest steel producer in Canada. However, Dofasco wrote-off their equity investment less than three years later as Algoma entered a prolonged restructuring process.
Dofasco in 1999 was the most profitable steel producer in North America and in 2000 it was the most profitable in Canada. It currently has approximately 7,300 employees at its Hamilton plant and produces over four million tons of steel annually, representing about 30% of Canada's flat rolled sheet steel shipments.
Dofasco’s wide range of steel products is sold to customers in the automotive, construction, energy, manufacturing, pipe and tube, appliance, packaging and steel distribution industries. [14] Dofasco is currently a stand alone subsidiary of Arcelor Mittal, the world's largest steel producer. Previously ordered by the U.S. Department of ...
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