Subtitle:
Pledge comes as domestic steelmakers warn of job losses and unfair competition
Content:
Federal leader Mark Carney has pledged to curb non-U.S. steel imports into Canada, responding to urgent calls from the domestic steel industry, which has raised alarm over declining market share, falling prices, and the risk of widespread job losses.
Speaking at a press conference in Hamilton — a city at the heart of Canada’s steel sector — Carney acknowledged the industry’s “distress signals” and said his government would take immediate steps to protect Canadian producers from unfair global competition.
“We will not stand by while cheap, subsidized steel from outside North America floods our markets,” Carney said. “Our priority is to ensure Canadian workers and manufacturers are on a level playing field.”
The proposed measures may include tariff adjustments, tighter import controls, and a review of existing trade agreements to safeguard the integrity of Canada’s steel supply chain.
Industry leaders welcomed the announcement, saying it reflects the urgency of their situation. “Foreign dumping is killing our business,” said one executive. “This action could be the lifeline we’ve been waiting for.”
Carney also reiterated Canada’s commitment to its U.S. trade partnership, noting that any restrictions would not apply to steel imports from the United States, which remain vital under current cross-border manufacturing frameworks.
The move is expected to be a key issue in upcoming economic debates, as the government balances trade policy with industrial recovery and employment concerns across Canada’s manufacturing hubs.