OTTAWA — The Canadian steel industry is expressing mixed feelings about new federal measures announced by Prime Minister Mark Carney aimed at supporting domestic producers amid ongoing U.S. tariffs. While the head of the Canadian Steel Producers Association, Catherine Cobden, acknowledged the positive aspects of the package, she also highlighted a significant disappointment.

On Wednesday, Carney unveiled initiatives designed to help steel and lumber producers access new markets within Canada. These measures include stricter quotas on foreign steel imports and a commitment to reduce freight rates for materials transported by rail across provincial borders. Cobden stated that while these steps are beneficial, they may not fully compensate for the industry's loss of access to the U.S. market.

"These measures are a step in the right direction for an industry in desperate need of relief," Cobden said. However, she expressed concern over the government's decision to extend Canada’s remission program for certain steel importers in critical sectors. This program, she noted, undermines the effectiveness of Ottawa's retaliatory tariffs on U.S. steel.

Cobden emphasized the importance of the federal government adhering to its commitments. Carney assured that the remission program would conclude at the end of January, extending the timeline by more than three months from the original deadline. The steel industry is now looking for clarity and action from the government as it navigates these challenges.