Sisi Chan

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

Canada’s steel industry has expressed mixed reactions to new measures introduced to boost the market amidst the U.S. tariffs, noting a sense of disappointment in addition.

Government Proposals: Prime Minister Mark Carney recently announced new measures to fortify the steel and lumber industries, incorporating new quotas on foreign steel and reduced freight rates.

Opinions of the Canadian Steel Producers Association: Catherine Cobden, CEO of the Canadian Steel Producers Association, recognises the new measures as progress. However, she expresses a belief that they are insufficient in compensating for the loss of access to the U.S. market. Disappointment was further voiced regarding the extension of Canada’s remission program for certain steel importers.

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