Sisi Chan

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

The Canadian steel industry finds itself in the crosshairs of the new US tariffs. This has triggered a fresh relief measure from Prime Minister Mark Carney, aimed at helping the domestic steel and lumber industries.

What are these new measures?

Prime Minister Mark Carney has rolled out new initiatives for strengthening Canadian steel production and lumber industries. The counter steps to the US tariffs focus on bolstering local capacities.

It’s expected that these measures will impart a level of protection against foreign steel and impact freight rates for the materials.

Industry opinion on the new measures

Catherine Cobden, CEO of the Canadian Steel Producers Association, voices optimism but also recent disappointment. She praises the measures but expressed frustration over the remission program and Ottawa’s retaliatory tariffs on U.S. steel.

The remission program in spotlight

There has been disappointment with the remission program, particularly its wrap-up. The industry seeks more accountability from the federal government on this front.

Future expectations:

Industry leaders like Cobden are expecting stronger follow-through from the federal government, especially on commitments such as the remission program.