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- 19.02.2026
Canadian Steel Industry’s Reaction to New Tariff Measures
Steel sector praises new tariff measures, but says more needs to be done
Introduction: The Canadian Steel Industry’s reaction to Prime Minister Mark Carney’s new tariff measures is a mix of disappointment and approval, expressing the need for more to be done to boost the domestic market amidst US tariffs.
The New Measures: Carney’s new measures include tighter control over foreign steel entering Canada and reduced freight rates for materials crossing provincial borders by rail.
The Industry’s Reaction: Catherine Cobden, CEO of the Canadian Steel Producers Association, believes these measures will not compensate for the loss of the U.S. market but sees them as providing some relief. Disappointment was also expressed over Ottawa’s second extension to Canada’s remission program and its impact on retaliatory tariffs on U.S. steel.
Upcoming Developments: However, Cobden aims to hold the government accountable for its promise that the remission program would end in January, which could potentially bring some relief to the industry.
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