Sisi Chan

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

The industry perspective: The head of Canada’s steel industry association appreciates measures aimed at securing the domestic market amidst U.S. tariffs, but raises certain reservations.

The measures, intended to assist steel and lumber producers in finding new, within-Canada markets, have been met with a mixed response.

Tighter quotas and reduced freight rates comprise specific elements of the new measures put in place.

Cobden’s viewpoint: Catherine Cobden, the CEO of the Canadian Steel Producers Association, provides valuable feedback on the sufficiency of these tariff measures vis-à-vis compensating for the U.S. market loss.

The extension of Canada’s remission program is a key disappointment for Cobden, who believes further changes are needed.

The commitment: The government has promised that the current remission program will be terminated, suggesting acknowledgment of the industry’s concerns.