Sisi Chan

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

The CEO of Canadian Steel Producers Association aired views on Prime Minister Mark Carney’s tailored measures for bolstering Canada’s steel industry amidst U.S. tariffs. However, disappointments lurk due to further extensions in the remission program for steel importers.

Prime Minister Mark Carney’s new measures, encompass fulfillment of tighter quotas on foreign steel entering Canada and cutting down freight rates for materials transported across provincial borders.

Catherine Cobden, the CEO of Canadian Steel Producers Association, although accepting the recency of these measures as a step towards promising direction, clearly stated that it wouldn’t completely cushion the loss incurred due to contracted access to the U.S. market.

The article further uncovers the industry’s disdain surrounding the extended remission program for steel importers. Catherine Cobden’s plan is to hold the government answerable to its commitment.