Sisi Chan

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

The Head of the Canadian Steel Producers Association has expressed disappointment over an overlooked aspect in Mark Carney’s latest policies for the domestic steel market.

Prime Minister Carney announced new measures to aid the domestic steel and lumber industry, a move seen as pivotal for the sectors’ future performance.

The new measures encompass a series of facets, responding to both current challenges and upcoming opportunities within the industries.

The CEO of the Canadian Steel Producers Association shed light on the likely effects, stating these measures would impact the steel industry in the short and long term.

However, the steel sector aired its disappointment due to the extension of Canada’s remission program, viewing it as a missed opportunity for deeper reform.

Catherine Cobden, the CEO, implored the federal government to fulfill their promise, underlining that more action is needed for the steel industry to flourish.