In today’s Globe & Mail, full page ad on A17 CANADIANS NEED HELP Nearly 2/3rds of the Canadian steel market is in the hands of imported steel. Canadian flat rolled steel mills like Stelco can no longer sell into the U.S. market like they have done in the past, and the Canadian government cannot change that unilaterally. That's a fact. But the Canadian mills could sell in Canada, if the domestic market had not been taken by artificially cheap foreign steel. This steel is coming not only from China, but also from all the countries that have Free-Trade Agreements (FTAs) with Canada. What has the Canadian government done so far to resolve the problem? Effectively, nothing. The Canadian politicians fail to grasp the real problem and continue to aim at the wrong target. Canada is the most open dumping ground for steel in the entire world. The Canadian government allowance for 100% of 2024 import levels for all 53 countries with FTAs with Canada is not even barely effective to change the reality on the ground. Canadian politicians seem to be fine with 65% import penetration. Canada must act decisively. Self-Help is the best help. The Canadian domestic market for flat rolled steel is big enough to accommodate all domestic Canadian steel production. But only 1/3 of the market is not enough. Continuing to allow for foreign produced steel to dominate the domestic Canadian market will affect Canadian companies, Canadian jobs, and Canadian workers. We call on the Government of Canada to implement strong, enforceable protections to preserve the Canadian domestic steel industry and defend Canada's economic and national security interests. That should unite all Canadians. Self-help is the only solution, and it is easily available for politicians that will do more than easy talk. The time for action is now. STELCO The Steel Company of Canada
Found this full page ad in the Globe this morning, from Stelco…they claim we allow cheap steel from China and lots of other places tariff free. Something about allowing 65% imports just because 2024 was that high.
Someone help fact check? Is this true?
#cdnpoli #Stelco #Trade
