Sisi Chan

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

The Canadian steel industry has given mixed reactions to the new tariff measures, implemented by Prime Minister Mark Carney.

The new measures are aimed at boosting the domestic steel and lumber market. Key strategies include tighter quotas on foreign steel and reduced freight rates.

Catherine Cobden, CEO of the Canadian Steel Producers Association, applauds the plans but also criticizes the extension of the remission program for some steel importers.

The steel industry has shown concerns over the proposed end of the remission program. However, the government has pledged to conclude it by the end of January.