Today, the global steel market has a severe overcapacity which results in an excess of artificially low-priced foreign steel and contributes to depressed prices in Canada. Following recent U.S. tariffs, there is a heightened risk that these steel products may flood the Canadian market putting both producers and workers at risk.
Recognizing the harm that increased imports into Canada may cause to Canadian steel producers and workers, the Government of Canada is launching a 30-day public consultation on possible trade measures to protect against the potential diversion of steel products into the Canadian market as the result of recent U.S. trade measures.
Comments regarding possible measures to address trade diversion can be submitted to the Department of Finance Canada at [email protected] until April 21, 2025.
Comments and feedback may also be sent by mail to:
International Trade Policy Division (Trade Diversion Consultations)
Department of Finance
90 Elgin Street, 14th Floor
Ottawa, Ontario K1A 0G5
Please refer to the Government press release for additional details.