Canada Extends Steel and Aluminum Tariffs, TRQ System for Non-USMCA Countries Until 2027

Published: Jun 4, 2026 09:44
The Canadian Department of Finance stated in a press release that the Canadian government decided to extend its steel and aluminum tariff measures for one year. Canada plans to extend the tariff rate quota (TRQ) system on steel for non-US-Mexico-Canada Agreement (USMCA) partner countries. Meanwhile, Canada also plans to extend the remission plan for countermeasure tariffs on certain US steel, aluminum products, and certain derivative products. The above extensions still require cabinet approval, and the two measures will remain in effect until June 27, 2027, and June 30, 2027, respectively.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Aluminum Fluoride Market Stagnant in June, Prices to Consolidate in July Amid Mixed Factors
1 hour ago
Aluminum Fluoride Market Stagnant in June, Prices to Consolidate in July Amid Mixed Factors
Read More
Aluminum Fluoride Market Stagnant in June, Prices to Consolidate in July Amid Mixed Factors
Aluminum Fluoride Market Stagnant in June, Prices to Consolidate in July Amid Mixed Factors
At end-June, trading in the aluminum fluoride market was sluggish, with the industry waiting for new long-term contract tender prices to be settled. In the short term, high raw material prices provide solid cost support for aluminum fluoride, but bearish constraints from weak downstream fluorine chemicals and the decline in long-term hydrofluoric acid contracts are also in play. Amid the tug-of-war, aluminum fluoride prices in July have little room for significant rise or fall, and the market will continue to consolidate at highs within a range.
1 hour ago
Aluminum Fluoride Prices Consolidate Amid High Raw Material Costs and Weak Downstream Demand [SMM Analysis]
1 hour ago
Aluminum Fluoride Prices Consolidate Amid High Raw Material Costs and Weak Downstream Demand [SMM Analysis]
Read More
Aluminum Fluoride Prices Consolidate Amid High Raw Material Costs and Weak Downstream Demand [SMM Analysis]
Aluminum Fluoride Prices Consolidate Amid High Raw Material Costs and Weak Downstream Demand [SMM Analysis]
In the short term, high raw material prices provide solid cost support for aluminum fluoride, but bearish constraints from weak downstream fluorine chemicals and the decline in long-term hydrofluoric acid contracts are also in play. Amid the tug-of-war, aluminum fluoride prices in July have little room for significant rise or fall, and the market will continue to consolidate at highs within a range.
1 hour ago
Shandong Aluminum Smelter Raises July Prebaked Anode Tender Price by 30 Yuan/mt MoM
1 hour ago
Shandong Aluminum Smelter Raises July Prebaked Anode Tender Price by 30 Yuan/mt MoM
Read More
Shandong Aluminum Smelter Raises July Prebaked Anode Tender Price by 30 Yuan/mt MoM
Shandong Aluminum Smelter Raises July Prebaked Anode Tender Price by 30 Yuan/mt MoM
[SMM Aluminum Flash] According to SMM, a major aluminum smelter in Shandong raised its July prebaked anode tender price by 30 yuan/mt MoM. The spot prebaked anode price for July 2026 will be 5,683 yuan/mt, and the acceptance price will be 5,707 yuan/mt.
1 hour ago
The Canadian Department of Finance stated in a press release that the - Shanghai Metals Market (SMM)