Sisi Chan

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

Head of Canada’s Steel Industry Association shares concerns: The head of Canada’s steel industry association expresses concerns over the deficiency in the new package of measures introduced by Prime Minister Mark Carney in response to U.S. Tariffs.

Details about Carney’s measures: Carney announced new tariff measures, including tighter quotas and freight rate cuts, on Wednesday. The measures aim to boost domestic steel producers and lumber, aid them in finding new markets.

The Industry’s Feedback: Canadian Steel Producers Association CEO Catherine Cobden considers these measures a step in the right direction, but insufficient to make up for the loss from reduced U.S market access.

Cobden on remission program: Cobden expresses industry’s disappointment regarding the extension of Canada’s remission program, questioning its potential impact on Ottawa’s retaliatory tariffs on U.S. steel.

Accountability promise: Cobden plans to keep the federal government accountable by ensuring it follows through on the promise to end the remission program by the end of January.