Sisi Chan

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

The big picture: The head of Canada’s steel industry expresses a critique about Prime Minister Mark Carney‘s package of measures intended to boost the domestic market.

These measures introduced by Carney support the steel and lumber industry, primarily through tighter quotas on foreign steel and reduced freight rates.

Catherine Cobden, the CEO of the Canadian Steel Producers Association, assesses the new measures, highlighting both their merits and shortcomings.

The disappointment lies in the second extension of Canada’s remission program for steel importers, as expressed by Cobden.

The industry anticipates the end of the remission program by the end of January, transforming the landscape for steel importers across the nation.