Morneau ready to use 'emergency' measure to protect steel sector

August 15, 2018

Saying Canada's now 'at risk for a surge,' Morneau launches short consultation on 7 steel products

Bill Morneau is preparing to use emergency safeguard measures for the first time to respond to the risk of a surge of cheap foreign steel imports.

The finance minister launched a 15-day public consultation process Tuesday for seven steel products the minister said had seen recent increases in imports:

steel plate
concrete reinforcing bar
energy tubular products
hot-rolled sheet
pre-painted steel
stainless steel wire
wire rod

"Canada's now at risk for a surge" that could harm Canadian steel producers and workers, Morneau said today while visiting a steel plant in Hamilton, Ont. The 25 per cent steel tariffs levied by the United States last spring "represent an exceptional circumstance."...

This was excerpted from the 14 August 2018 edition of CBC News.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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