Sisi Chan

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

Head of Canada’s steel industry: shares disappointment with aspects of Prime Minister Mark Carney’s package.

New measures announced by Carney aim to help domestic producers expand their markets within Canada, though details remain unclear.

Notable measures include limiting foreign steel and reducing freight rates for interprovincial transport to reinforce domestic steel production.

Canadian Steel Producers Association CEO Catherine Cobden provides insights into the industry’s perception of the new measures and emphasizes the need for further relief.

Cobden expresses disappointment with Ottawa’s second extension of remission program, claiming it weakens Ottawa’s retaliatory tariffs on U.S. steel.

CEO Cobden pledges to hold the government accountable for its promise on the remission program’s conclusion in January.

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