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- 19.02.2026
Canada’s Steel Industry Reacts to New Tariff Measures | Steel Sector News and Analysis
Steel sector praises new tariff measures, but says more needs to be done
This article examines initial reactions of Canada’s steel industry leaders to the latest tariff measures introduced by Prime Minister Mark Carney in addition to discussing the scenario relative to U.S. tariffs.
New Measures: Notably, new measures have been implemented by Carney to bolster the steel and lumber producers of Canada. Further details on the announcement can be found here.
Measures Details: These measures include restrictions on foreign steel and new freight rates, which are expected to aid the growth of the domestic market.
Reaction from Steel Producers Association: The Canadian Steel Producers Association’s CEO, Catherine Cobden, expressed some reservations about these new measures, indicating that more needs to be done.
Disappointment in the Steel Industry: The industry felt let down when Ottawa extended the remission program for the second time, hinting at the need for more effective strategies.
Government Expectations: Cobden also voiced hope, predicting that the federal government, based on Carney’s promise to conclude the remission program by January, will deliver more supportive measures for the industry.
