Sisi Chan

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

Introduction to industry’s feedback on tariff measures: The Canadian Steel Producers Association reacted to Mark Carney’s new measures aimed at supporting the domestic steel industry amidst U.S. tariffs.

New measures by Carney: PM Carney introduced measures such as tighter quotas and reduced freight rates for steel and lumber producers in Canada.

Catherine Cobden’s view on the new measures: According to Catherine Cobden, the CEO of the Canadian Steel Producers Association, the new measures won’t fully compensate the loss from the U.S market but represents a positive direction.

Industry’s disappointment on remission program extension: The industry expressed disappointment over Ottawa’s decision to extend Canada’s remission program, which diminishes the effect of retaliatory tariffs on U.S. steel.

Cobden’s stance towards the federal government: Cobden assured that the federal government will be held accountable as Prime Minister Carney had promised the remission program would end at the end of January.