Sisi Chan

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

The head of Canada’s steel industry issued commendation for Prime Minister Mark Carney’s new tariff measures, expressing relief amidst persisting concerns.

New measures were announced by Carney, orchestrated to assist steel and lumber producers who have been grappling with elevated costs.

The specifics:

The initiative introduces tighter quotas and reduced freight rates, easing some of the burden on the struggling sectors.

Despite these steps, the CEO of the Canadian Steel Producers Association voices her disappointment and calls for more action. She outlines the persistent challenges inhibiting the industry’s progress.

The industry’s displeasure is primarily grounded on Canada’s remission program, with its extension being a glaring disappointment to the sector’s stakeholders.

Closing note:

The CEO holds a firm stance, vowing to hold the government accountable for the termination of the remission program slated to happen by the end of January.