India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The Canadian government is preparing measures to support the domestic steel industry as it faces pressure from tariffs imposed by the United States.
Officials noted that Canada’s steelmakers are struggling with reduced export competitiveness and rising uncertainties in cross-border trade. The planned support package is aimed at protecting jobs, stabilizing operations, and ensuring the long-term resilience of the sector.
The move comes as part of broader efforts by the government to defend key industries affected by global trade disputes. Canada’s steel sector, a vital contributor to the national economy and infrastructure development, has been particularly exposed to external tariff actions.
Industry representatives have welcomed the proposal, emphasizing that timely intervention is crucial to maintain competitiveness and protect supply chains.
Also Read : Jefferies Upgrades Nippon Steel, Calling Failed US Steel Deal a 'Blessing in Disguise' Oil prices fall as US Fed delays rate cuts
Copper prices on the London Metal Exchange hit their highest level ever, $11,104.50 per metric tonne...
Non-Ferrous 24-May-2024
India's iron ore fines and lump exports reached a three-year high of 36.5 million tonnes (MT) in FY2...
Ferrous 18-Jul-2024
Industry experts have urged steel manufacturers to move toward producing 100% refined steel as a key...
Construction 27-Oct-2025
India initiated an anti-dumping investigation into importing aluminium foil from China, which is use...
Non-Ferrous 26-Mar-2024
Reliance Industries Limited Chairman Mukesh Ambani declared a series of substantial investments in G...
Large Corporate 10-Jan-2024
India's drive for critical mineral self-sufficiency is facing another blow after the government post...
Notification 09-Apr-2024