Sisi Chan

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

The views of the Canadian Steel Producers Association on the recent tariff measures announced by Prime Minister Mark Carney are explored in this article. The industry appreciates the measures but is firm in its belief that further action is necessary.

New measures announced by Prime Minister Carney

The new policies announced by the Prime Minister are primarily targeted at stimulating the domestic steel and lumber market amidst escalating U.S. tariffs. Notable measures include stricter quotas on foreign steel coming into Canada and the pledge to decrease freight rates for materials traversing provincial boundaries.

View of Canadian Steel Producers Association

Catherine Cobden, CEO of the Canadian Steel Producers Association, shared her thoughts on the new measures. While she believes they may fail to fully compensate for the loss of access to the U.S. market, she recognizes them as a move in the right direction.

Concerns about the remission program

Despite greeting some measures with approval, the CEO expressed disappointment regarding Ottawa’s decision to extend Canada’s remission program for certain steel importers within essential industries. Nevertheless, she lauds Carney’s assurance that the program will conclude in January.