Media Release

Canadian Steel Welcomes New Federal Funding & Calls for More Support for Canadian Customers

May 4^th, 2026, Ottawa, ON - Catherine Cobden, President and CEO of Canadian Steel Producers Association issued the following statement: 

“The Canadian Steel Producers Association welcomes today’s announcement by the federal government offering more financial support to our industry and our Canadian customers as we face the growing impact of the US tariffs on our businesses. 

Recent changes by the US administration to their “derivative” tariff regime are having a profound impact on our downstream customers - those who use our primary steel to produce a wide array of products. Today’s funding support is therefore essential to help pivot and realign our businesses to ensure our long-term competitiveness as we navigate this ongoing trade war. 

Given the increasing urgency, we are seeking a further strengthening of Canada’s tariff regime to protect the Canadian market from derivative imports for products we produce. This will offer immediate protection to a wider range of our customers and more closely align with the US measures. We appreciate the steps Canada has already taken on derivative products in November 2025; however, the situation is evolving and more must be done. 

Other important steps taken for our domestic industry have included the Buy Canadian policy that mandates domestic steel use in government procurement; steel border measures that protect the domestic market from dumped steel; and retaliatory tariffs on US steel entering Canada. It is imperative that these measures continue to be monitored and adjusted as necessary to ensure their effectiveness.”