Sisi Chan

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

Reflecting on PM Mark Carney’s measures targeted at bolstering the native market, Canada’s steel industry association expresses a mix of approval and demand for further effort. Specific disappointments are hinted, yet undermined by unspecificity.

New measures imposed by PM Carney to support Canadian steel and lumber producers are explored. Policies comprise of restrictions on international steel and cuts in transportation charges. An associated image is provided but vexes due to its vague relevance.

Catherine Cobden, CEO, Canadian Steel Producers Association, exhibits a measure of optimism regarding these new initiatives and their potential to offset the lost American market. The desperate industry sees a flicker of hope.

Cobden criticizes Ottawa’s decision to prolong the remission program, a measure she alleges undermines Ottawa’s reciprocal tariffs on U.S steel.

Standing firm on governmental accountability, Cobden anticipates the proposed termination of the remission scheme at the end of January, three months beyond the initial deadline.