Sisi Chan

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

The world of steel is reacting to the latest tactics put into play by Canadian Prime Minister, Mark Carney, intended to minimize the repercussions of U.S. tariffs.

Carney’s New Measures

Designed to support the hard-pressed steel and lumber sectors, Mark Carney‘s provisions encompass tighter quotas on overseas steel and a decrease in freight charges for goods transported across provincial lines.

Response of the Steel Industry

Catherine Cobden, who heads the Canadian Steel Producers Association, has expressed gratitude towards the efforts, though she underlines the importance of further steps, particularly in reference to the expanded remission program.

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