Canadian Steel Producers Call for Protection Against Chinese Oversupply

Published on June 28, 2024

Canadian steel producers are calling on the federal government to protect their industry from Chinese oversupply. The call follows Ottawa’s announcement of a 30-day consultation on potential policy responses to “unfair competition” from China in the electric vehicle (EV) industry. Deputy Prime Minister Chrystia Freeland announced on June 24 that the federal government is considering imposing tariffs on Chinese-made EVs, saying that Beijing is “quite intentionally generating a global oversupply” that undermines EV producers in Canada and around the world. Catherine Cobden, president and CEO of the Canadian Steel Producers Association (CSPA), said this announcement signals that Ottawa is recognizing the “devastating impact” of Chinese excess industrial capacity on Canada, including on domestic jobs and competitiveness. She said that the consultations on EV oversupply don’t go far enough to address the extent of the problem, highlighting the impacts of Chinese overcapacity on other Canadian industries....

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