Sisi Chan

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

Canada’s steel industry has breathed a sigh of relief at PM Mark Carney’s package of measures against U.S. tariffs, though they underscore the need for more.

The big picture: Carney announced new domestic strategies for steel and lumber manufacturers intended to shield from tariff impacts.

Specifically, these measures focus on tighter foreign steel quotas and lowering freight rates, easing the burden on the industry.

Catherine Cobden, CEO of Canadian Steel Producers Association, maintains that while these measures provide some relief, they don’t fully address the pressures faced by the industry.

There’s growing frustration in the industry over Ottawa’s continued remission program, which benefits certain steel importers at the cost of domestic producers.

Cobden emphasizes the need for the federal government to end the remission program by this January’s end, fostering a more equitable environment for steel producers.

• Related Video 1: [Canadian steel sector reacts to new tariff measures](url)
• Related Video 2: [PM Mark Carney’s full speech on new measures](url)
• Related Video 3: [Interview with Catherine Cobden on the impact of these measures](url)
• Related Video 4: [Economic implications of tariff measures on Canada’s trade](url)