10,746.98 TRY BIST 100 BIST 100
40.59 USD USD USD
5.66 CNY CNY CNY
47.04 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
71.28 USD Fossil Oil Fossil Oil
48.71 USD Silver Silver
4.45 USD Copper Copper
99.02 USD Iron Ore Iron Ore
332.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,387.23 TRY Gold (gr) Gold (gr)

Industry reaction to Canada's steel plan

The Canadian Steel Producers Association (CSPA) and the United Steelworkers Union (USW) said the new measures announced by the federal government do not fully meet the needs of the industry.

Industry reaction to Canada's steel plan

Catherine Cobden, President of the Canadian Steel Producers Association (CSPA), and Marty Warren, Canadian National Director of the United Steelworkers (USW), issued a joint statement on the Canadian government's package of economic measures announced on June 19 to protect the steel and aluminum sectors, saying that the plan “falls short of meeting the needs of the industry at a most challenging time.”

The statement noted that a constructive dialog with the government will continue and that the details of the plan are under review. Both organizations underlined the need for stronger and more targeted solutions to the structural challenges facing the sector.

The USW is the largest private sector union in Canada with 225,000 members across all economic sectors and 850,000 members in North America. The union is known for negotiating for job security, fair wages, benefits and decent working conditions.

CSPA represents Canada's primary steel producers and some major steel consumers. The association advocates for the competitiveness and sustainability of the steel industry, which provides raw materials for many strategic industries, from automotive to construction.

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

Steel prices in the Middle East shaped by production and demand dynamics

Monday, August 4, 2025

Iran's steel sector is struggling with an energy crisis: uninterrupted production in only one month out of 12

Monday, August 4, 2025

BlueScope-led consortium considers takeover of Australia's Whyalla steel mill

Monday, August 4, 2025

Japan Steel Works announced growth above expectations in the first quarter of fiscal 2026

Monday, August 4, 2025

Nippon Steel to fully acquire Kurosaki Harima

Monday, August 4, 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