Sisi Chan

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

Key Issue: The head of Canada’s steel industry association has found some dissatisfaction with the package of measures introduced by the Prime Minister.

Introduction of Measures: Tighter quotas on foreign steel entering Canada and a commitment to reduce material transportation costs form part of these measures.

Industry Response: The Canadian Steel Producers Association’s CEO thinks that these steps are insufficient to offset U.S. market loss, yet they could provide some relief for the struggling steel industry.

There is industry discontent with Ottawa’s decision to prolong the remission program for specific steel importers, arguing it undermines Ottawa’s tariffs on U.S. steel.

The CEO anticipates the remission program to conclude at the end of January, as stated by the Prime Minister, three months beyond the original deadline.

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