Sisi Chan

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

Introduction: The Canadian steel industry signals disappointment despite efforts by Prime Minister Mark Carney to counter U.S. tariffs.

New Measures Announced by Carney: Carney’s new line of action involves aiding steel and lumber producers to find new domestic markets, imposing tighter quotas on foreign steel entering Canada, and promising to reduce inter-provincial materials transport freight rates.

Response from Canadian Steel Producers Association: Catherine Cobden, the CEO of the Canadian Steel Producers Association, gives her take on the new measures and their significance in the face of the U.S. market’s access loss. Contention brews over Ottawa’s second extension to Canada’s remission program for steel importers.

Promise by Federal Government: Cobden’s expectations hinge on the federal government’s promise to terminate the remission program three months beyond the initial deadline.