Stelco looks to grow market share amid limited US imports

摘要

While Canadian steel is now subject to a 25% tariff entering the US, the steps taken by the US to restrict imports have led to positive developments for Canadian steel producers, executives for Hamilton, Ontario-based Stelco said Wednesday. Canada has been subject to the US Section 232 tariffs on steel and aluminum imports since June 1 when the country's final temporary exemption lapsed before the parties were able to reach an agreement for an alternative arrangement. In response, Canada levied its own 25% retaliatory tariff on US imports.