10,901.01 TRY BIST 100 BIST 100
47.13 EUR EUR EUR
40.67 USD USD USD
5.69 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
39.82 TRY Interest Interest
67.28 USD Fossil Oil Fossil Oil
49.83 USD Silver Silver
4.41 USD Copper Copper
102.15 USD Iron Ore Iron Ore
332.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,410.20 TRY Gold (gr) Gold (gr)

Canada reacts strongly to tariff change

The Canadian Steel Producers Association described the US steel tariff increase to 50% as “a blow to Canadian industry”.

Canada reacts strongly to tariff change

Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA), reacted strongly to the Trump Administration's decision to raise US steel tariffs to 50%. In a statement released on May 31, 2025, Cobden highlighted the impact of this decision on the Canadian steel industry.

In her statement, Cobden expressed strong condemnation of the Trump Administration's decision, emphasizing that this step excludes half of Canada's domestic production from the US market.

“The time for the Canadian government to act is now” stated Cobden, adding that raising steel tariffs to these levels would cause serious disruptions and negative consequences for the integrated supply chains between the two countries and for customers on both sides of the border, and urged the Canadian government to take immediate action.

“Retaliatory steel tariffs should be fully reinstated in response to the American tariffs and new tariffs should be imposed to stop unfairly traded steel from entering Canada,” Cobden noted, emphasizing that the steel sector is of strategic importance to Canada.

Stating that they contribute to sectors such as energy, automotive, manufacturing and defense and employ hundreds of thousands of people, Cobden noted that the Trump Administration's decision is “a blow that could have irreparable consequences.”

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ukraine’s steel production drops by 7% in seven months

Thursday, August 7, 2025

Rio Tinto says there is no economic incentive for green steel production in Australia

Thursday, August 7, 2025

Canada reviews anti-dumping decision on hot-rolled steel plates from Ukraine

Thursday, August 7, 2025

Two new international partnerships from LISCO

Thursday, August 7, 2025

Liberty Galați’s restructuring plan goes into effect with court approval

Thursday, August 7, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now