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
Canada’s steel sector is facing renewed turbulence as US tariffs on Canadian steel including a 25% tariff imposed earlier in 2025 weigh heavily on export competitiveness and industrial stability.
The tariffs have hit firms such as Algoma Steel Group and Stelco Holdings hard: production costs have surged, orders from the United States have plummeted, and the sector has already witnessed layoffs exceeding 1,000 workers since March.
In response, the government of Canada is stepping in with protective measures aimed at cushioning domestic steelmakers. New rules reduce import quotas from non-FTA countries, impose a 25% tariff on certain steel derivatives, and include freight-rate reductions and incentives to spur domestic demand.
Despite these efforts, industry analysts warn that uncertainty remains high: global markets are volatile, raw-material costs are rising, and demand recovery depends heavily on how trade relations evolve between Canada and the US. For now, Canadian steel firms are scrambling to find alternative markets and adapt operations to weather the turbulence.
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