New regulations for steel importers to improve transparency: Sheehan

As of today, steel importers are now required to report which country the metal was melted in.

Sault Ste. Marie MP Terry Sheehan says the new federal regulations will increase transparency in the domestic supply chain.

Read the full statement from Sheehan below:

Beginning today, federal regulations requiring steel importers to report country-of-melt come into effect. Along with recently announced tariffs on Chinese-made steel, these measures are some of the steps that our government is taking to protect our steel-producing industries in Canada by improving the transparency of the origins of steel within our domestic supply chains.

"By increasing the transparency of the domestic supply chain for steel imports and providing a more comprehensive picture of the origins of imports, these regulations will support and promote fairer trade," said Catherine Cobden, President of the Canadian Steel Producers Association. "The CSPA is grateful for the action taken by the Canadian government in protecting our industry and for aligning with our largest trade partner, the U.S. to ensure the North American supply chain is strong and stable."

Countries like China - which deliberately overproduce to effect global markets - hurt our steel industry, and impact jobs within the industry. When I was first elected, this was the norm in the industry after ten years of the Harper / Poilievre government. Since then, we have continued to support and rebuild the steel industry, by helping producers like Algoma Steel and Tenaris to modernize, and fighting back against unjustified tariffs. These new rules coming into effect today are one more example of how our government has always, and will always, stand with steel producers and workers.