Sisi Chan

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

Introduction: The Canadian steel industry broadly welcomes new measures to bolster domestic markets against U.S. tariffs, desiring further action for comprehensive support.

New Measures: Prime Minister Mark Carney has recently announced a fresh package of measures targeted towards the aid of domestic steel and lumber industries.

Contents of the Measures: These measures primarily include reducing foreign steel influx and a commitment to reducing freight rates for transporting materials.

Industry Reaction: Catherine Cobden, CEO of the Canadian Steel Producers Association, appreciates the steps but maintains that they do not fully offset the impact of lost U.S. market access.

Disappointment: The industry has expressed concern over the continuation of Canada’s remission program for certain steel importers.

Holding The Government Accountable: Cobden emphasizes the industry’s anticipation of a conclusion to the remission program by January’s end as promised by Carney.

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