Sisi Chan

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

Canada’s steel industry association’s head speaks up about recent tariff measures. While acknowledging them, he points out the shortcomings and stresses on the need for further improvements. More details on Prime Minister Mark Carney and U.S. tariffs available.

New measures announced to support steel and lumber producers. They include tightening quotas on foreign steel entering Canada and lower freight rates that will reduce costs for materials crossing provincial borders.

Catherine Cobden, CEO of Canadian Steel Producers Association: While the new measures are positively received, she warns they won’t fully offset the losses from reduced access to the U.S. market.

Despite new strides, the industry still has criticisms. They feel Ottawa’s measures fall short, pointing to the recent extension of Canada’s remission program as a disappointment.

As January concludes, Cobden anticipates the end of the remission program, banking on Carney’s promise. The industry waits in anticipation on this matter.