Sisi Chan

Steel sector praises new tariff measures, but says more needs to be done

The head of Canada’s steel industry has expressed mixed feelings about the new measures announced by Prime Minister Mark Carney. There was a single disappointment that stood out amidst the response.

Carney’s measures: The Prime Minister outlined several initiatives for boosting the steel and lumber sectors, including tighter quotas and reduced freight rates.

Canadian Steel Producers Association’s CEO, Catherine Cobden, weighed in on the measures, analyzing the potential impacts on the industry.

However, Cobden expressed disappointment with the extension of the remission program, hinting towards possible retaliatory tariffs.

Cobden has made it clear that she intends to hold the federal government accountable for their promises. The end of the remission program was a particularly pointed issue.