 As the largest steel manufacturing city in Canada and home of the two Steel giants; Stelco and Dofasco where 60% of all the steel in Canada is produced.It is the steel and metals manufacturing Capital of Canada.In the last decade, Hamilton's heavy industry reached a stable level, Stelco has returned to profitability and on August 26, 2007 United States Steel Corporation acquired Stelco for $38.50 (Canadian) in cash per share, owning more than 76 percent of Stelco's outstanding shares.