Sisi Chan

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

The head of Canada’s steel industry… has given a mixed appraisal to the measures introduced by Prime Minister Mark Carney, depicting an intricate relationship between the industry and the government. Although appreciative of certain aspects, there’s still a call for more action.

Carney announced new measures… tailored to ease the pressures on the steel and lumber industry. A noteworthy strategy involves tightened quotas on foreign steel imports into Canada, signaling a freshly forged policy action.

Canadian Steel Producers Association CEO Catherine Cobden… expressed her opinion towards the new initiatives, hinting at an undertone of skepticism. She stressed the significance of the U.S. market in shaping the future prospects of the Canadian steel industry.

She says the industry… was left feeling underwhelmed by the second extension of the remission program enforced by Canada. This section discusses Ottawa’s implementation of retaliatory tariffs on U.S. steel.

Cobden says she’ll be holding… the federal government accountable for their actions. She notes that the end date for the remission program, a critical detail, is marked for the end of January.

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This final paragraph comprises eight related videos to help draw a bigger picture of the Canadian steel industry and related policy changes.