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- 19.02.2026
New Tariff Measures Revealed by Prime Minister Mark Carney: Steel Industry Reacts
Steel sector praises new tariff measures, but says more needs to be done
Canada’s steel industry reacts to the new tariff measures announced by Prime Minister Mark Carney, which is the subject of this report. More on Prime Minister Mark Carney.
Carney announced new measures aimed at securing new markets for steel and lumber producers within Canada. Read about the support for Canada’s lumber and steel sectors.
The specifics of the measures include a tighter quota on foreign steel entering Canada and reduced freight rates.
The views of Catherine Cobden, head of the Canadian Steel Producers Association, on these measures are explored. Cobden gave an in-depth analysis and provided her viewpoint.
The industry’s disappointments concerning the 2nd extension of Canada’s remission program are mentioned. Notably, this is negatively impacting the country’s retaliatory tariffs on U.S. steel.
Finally, the report details Cobden’s insights about the federal government’s communication and predictions for the future of the industry.
