Catherine Cobden, President and CEO of CSPA, noted in a statement that the Canadian government has acted swiftly to support the industry and take decisive steps to strengthen the domestic market.
In the statement, Cobden noted, "Reducing quota levels for non-free trade partner countries to 50% of 2024 levels and imposing quotas for free trade partners at 2024 levels with a 50% tariff on the excess of the quota are steps in the right direction. We welcome the government's swift update of these measures and support for our industry."
Cobden stated the imposition of a 25% tariff on steel products melted and cast in China was an indication that Canada was taking “real action” to address the global steel overcapacity problem.
She continued his statement with the following words:
"We welcome the clear and unequivocal decisions to prioritize domestic steel in federal projects. We expect this approach to be adopted at all levels of government across Canada."
Cobden also mentioned the increases in financial support packages announced by the government for the sector, adding, "We are facing the devastating consequences of the unfair trade measures imposed by the US administration. The support provided in this process is invaluable. We are still evaluating the details, but we appreciate the support."
Finally, the CSPA statement emphasized that the Canadian steel industry will continue to cooperate with the government to protect the integrity of the domestic market.
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