Sisi Chan

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

Introduction: The head of Canada’s steel industry has voiced disappointment in Prime Minister Mark Carney’s measures to boost the domestic steel market due to U.S. tariffs.

Measures and Reaction: An image accompanies the announcement of Carney’s new measures to support steel and lumber producers. The reactions to these initiatives are included in this coverage.

Specific Measures: Among the measures are efforts to restrain foreign steel in Canada and a pledge to decrease freight rates for materials.

Reaction by Catherine Cobden: Catherine Cobden, CEO of the Canadian Steel Producers Association, provides an opinion on the measures. She recognises their positive influence but notes that they do not fully compensate for the impact of the tariffs.

Ottawa Announcements: The industry has expressed disappointment with Ottawa’s decision to extend Canada’s remission program.

Promised Conclusions: Carney has pledged to conclude the remission program in January, a move that has prompted discussions within the industry.