Sisi Chan

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

The disappointment in the industry: Canada’s steel industry has expressed its disappointment for the second extension to the country’s remission program for some steel importers. This move is seen as weakening the retaliatory tariffs on U.S. steel.

Carney’s promise: Prime Minister Mark Carney has made several promises to bolster the steel and lumber industry. However, anxieties loom within the industry despite these supports.

The industry perspective: According to Catherine Cobden, the CEO of Canadian Steel Producers Association, the new measures introduced by Carney are not sufficient to make up for the loss of the U.S. market.