Sisi Chan

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

Steel industry association head on tariff measures: The head of Canada’s steel industry association expresses mild disappointment over new measures introduced by Prime Minister Mark Carney. The stance towards the U.S. tariffs is noted.

New measures announced by Carney: Tighter quotas, reduced freight rates and new market spaces for Canadian steel and lumber goods form the crux of the measures proposed by Carney.

CEO Catherine Cobden’s stance on measures: Catherine Cobden, the CEO of the Canadian Steel Producers Association, admits the measures are progressive but inadequate to counterbalance loss from the U.S. market.

Industry disappointment over Ottawa’s tariffs on U.S. Steel: The industry expresses dissatisfaction with Ottawa’s extension to Canada’s remission program, affecting Canadian access to U.S. steel.

Cobden’s expectations from the Federal Government: Cobden asserts her intent to keep the government in check regarding its promise about the remission program ending in January.