Sisi Chan

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

The current head of the Canadian steel industry shed light on the new measures introduced by the government. This leader commended the steps taken, hinting at the impact these have already had on the sector.

Carney's Measures: A number of provisions have been spearheaded by Carney. These are credited with providing a relief to the beleaguered steel and lumber producers. Additional features of these measures include sterner quotas on imported steel and a slash on freight rates.

Response from the Steel Industry: Catherine Cobden, a notable figurehead of the industry, projected a degree of skepticism over the newly imposed measures. Cobden insists more action is warranted to completely resolve the issues grappling the industry.

Reaction to Ottawa's Actions: The industry criticized the extension of Canada's remission program, expressing concern over its long-term implications on local steel and lumber producers.

Further Commitments: Cobden anticipates the federal government will uphold their promise and put an end to the remission program, fostering a more balanced solution for the domestic industry.

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