Sisi Chan

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

Canada’s steel industry response to new tariff measures: The head of Canada’s steel industry association expressed disappointment in certain aspects of Prime Minister Mark Carney’s plan to aid the domestic market amidst U.S. tariffs.

New domestic market measures: Prime Minister Carney implements new measures aimed at helping steel and lumber producers establish fresh markets locally.

Industry response: Catherine Cobden, CEO of the Canadian Steel Producers Association, responds that the new measures might not fully compensate for the loss of the U.S. market but represent a step in the right direction.

Remission program extension: Catherine Cobden expresses disappointment over the second extension of Ottawa’s remission program for some steel importers, which she believes dilutes Canada’s retaliatory tariffs on U.S. steel.

Federal government promises: The final part of the text discusses Cobden’s expectation that the federal government will end the remission program by the end of January as promised by Carney.

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