Sisi Chan

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

Despite the recently proposed package to boost the domestic market, disappointment looms in the steel industry. Crucial references can be found on the pages about Prime Minister Mark Carney and U.S. tariffs.

The government has announced new measures to assist steel and lumber producers. To better illustrate these measures, an image (https://d21y75miwcfqoq.cloudfront.net/70c8fc80) is used to supplement the information. There is also a link for further details regarding these measures.

Specific measures include tighter quotas on foreign steel and downsizing of freight rates for materials crossing provincial borders by rail.

Catherine Cobden’s viewpoint asserts that: despite these measures, more effort is needed to meaningfully assist the steel industry.

The industry’s disappointment primarily stems from Ottawa’s second extension of the remission program for some steel importers.

The Association CEO’s ardent reaction suggests that they are anticipating a favorable outcome to the federal government’s promise in wrapping up the remission program.