Sisi Chan

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

Introduction: Canada’s steel industry gives mixed reviews to Prime Minister Mark Carney’s new measures intended to support domestic producers amidst U.S. tariffs.

New Measures: Carney announced actions to aid steel and lumber manufacturers, including restricting foreign steel and cutting freight rates for interprovincial shipping.

Reaction of the Industry: Catherine Cobden, CEO of Canadian Steel Producers Association, addressed the limited effects of the new policies and expressed dissatisfaction with the continuation of Canada’s steel importers’ remission program.

Future expectations: Cobden anticipates a termination of the remission program after its second extension, as declared by Carney.