【SMM Stainless Steel Market】Canada Tightens Steel Import Quotas and Adds Tariffs to Protect Domestic Mills

Published: Nov 28, 2025 18:26

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【SMM Stainless Steel Market】Canadian Prime Minister Mark Carney announced new measures to protect the domestic steel industry. Starting next month, Tariff-Rate Quotas (TRQs) for steel imports will be tightened: quotas for countries without free-trade agreements (like China, Turkey) will be cut to 20% of 2024 levels, while those with agreements (like South Korea, Vietnam) will be set at 75%. Imports exceeding these quotas face a 50% tariff. Additionally, a 25% tariff will be applied to specific steel derivative products (e.g., wind towers, fasteners) from all countries, including the US. These steps aim to boost domestic demand and prevent dumping as Canadian mills face lost access to the US market.

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