Sisi Chan

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

A mixed response is the verdict from Canada’s steel industry to the new governing measures. The reaction ranges from appreciation to calls for further actions.

The recent supportive measures announced by Prime Minister Mark Carney are outlined in this section. The initiatives are primarily for boosting the local steel and lumber industries.

Tighter quotas and a promise to decrease freight rates are among the introduced measures to fortify the industry. Such steps aim for a healthier steel and lumber market.

Catherine Cobden, the CEO of the Canadian Steel Producers Association, offers her perspective on the new measures. Her opinion, laced with agreement and suggestions, is a significant industry reaction.

Cobden voiced her disappointment with the extended remission program. The Federal Government’s steps left her unsatisfied, despite some promising progress.

The conclusion of the extended remission program and Cobden’s expectations from the Federal Government culminates the article. Her anticipation for strict deadlines echoed the industry’s sentiments for more help.