Sisi Chan

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

The head of Canada’s steel industry association is voicing a perceived dichotomy in the potential impacts of new tariff measures. Despite the measures’ potential benefits, disappointment looms over the domestic market.

Measures to Help Steel and Lumber Producers

New measures are being implemented, with key highlights being tighter quotas on foreign steel entering Canada and a profound promise of reducing rail freight rates on materials crossing provincial borders.

Feedback from Steel Producers on New Measures

Canadian Steel Producers Association CEO, Catherine Cobden, strikes a cautiously optimistic pose on the new measures. However, she punctuates her views with the stark reality of the loss of the U.S. market being a significant blow.

Critiques of the Remission Program

A second extension of Canada’s remission program for steel importers is in the frame, a development that the industry associates with diluting Ottawa’s retaliatory tariffs on U.S. steel. Cobden’s expectations on future government interventions are clearly defined.

More on Canada

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