Yesterday, Finance Minister Bill Morneau announced the government’s intention to implement emergency safeguard measures as a result of global steel tariffs imposed by the U.S. earlier this year. This new provisional safeguard is intended to protect the Canadian steel market from a surge of foreign steel imports.
As of August 14, 2018, the Canadian government is holding a 15-day public consultation period to determine what measures to impose for the seven steel products that are considered at risk. These products include steel plate, concrete reinforcing bar, energy tubular products, hot-rolled sheet, pre-painted steel, stainless steel wire and wire rod.
The CISC will be actively participating in this consultation process to advocate for the needs of the steel construction industry.