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- 19.02.2026
Canada’s Steel Industry Supports New Tariff Measures: An Analysis
Steel sector praises new tariff measures, but says more needs to be done
Introduction: Canada’s steel industry has reacted to Prime Minister Mark Carney’s new measures aiming to uplift the domestic steel market in view of U.S tariffs. [1]
Measures to Boost Domestic Market: Industry support measures have been rolled out by Mark Carney including stricter foreign steel quotas and a reduction in freight rates for materials crossing provincial borders. [2]
Industry Reactions: Catherine Cobden, the CEO of the Canadian Steel Producers Association, opines the measures as being progressive but insufficient to fully compensate for the loss of access to the U.S. market. A possible extension to Canada’s remission program for steel importers is referenced in her statement.
Additional Comments: Cobden anticipates the termination of Ottawa’s remission program as projected by Carney in January, yet notes a three months delay from the original deadline.
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