Sisi Chan

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

Struggling under U.S. tariffs: The Canadian steel industry, headed by the unsatisfied association leader, is disgruntled by Prime Minister Mark Carney’s methods to bolster the domestic market amid U.S. tariffs.

New protectionist measures: Carney’s newly announced initiatives aim to assist Canadian steel and lumber manufacturers by decreasing quotas on foreign steel and slashing freight rates for provincial materials transport.

Catherine Cobden’s take: Catherine Cobden, the CEO of the Canadian Steel Producers Association, offers that these measures fall short in offsetting the lost U.S market access, although they do provide some relief for the industry.

Ottawan stand: The industry expresses disappointment as Ottawa unveils a second extension to Canada’s remission programme for steel importers in crucial industries, with diluted retaliatory tariffs viewed in a negative light.

Awaiting promises: Cobden pledges to hold the federal government accountable to its promise of winding up the remission program by end-January and reports a delay from the original deadline.