Sisi Chan

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

Canada’s steel industry response to the new tariff measures: Catherine Cobden, CEO of the Canadian Steel Producers Association, commends the initiatives by Prime Minister Mark Carney but opines that they fall short of compensating for the decline in U.S. market access. The piece also discusses the export complications faced by the steel sector in Canada.

Measure disappointments: The extension of the remission program by Ottawa, enabling some steel importers to bypass specific tariffs, is a major disappointment for Cobden. She believes it undercuts the retaliatory tariffs on U.S. steel imports.

Plans going forward: Cobden anticipates the government will follow through on its commitment to terminate the remission program by the end of January. She also refers to the past delay in concluding this program.