In an initiative responding to high tariffs up to 50% imposed by the Trump Administration on Canadian steel imports, Transport Minister Steven MacKinnon today announced in Hamilton the launch of a $100 million rebate program for the interprovincial transportation of eligible steel products by rail and marine.
The Commodities Sectoral Support Program will rebate 50 per cent of eligible rail or marine transportation costs for Canadian steel moving between provinces and territories for up to one year, or until funds are exhausted. Additionally, the Government of Canada is advancing support for the forest sector, also hard hit by sectoral tariffs.
It is part of the Government of Canada’s broader work to strengthen interprovincial trade, reinforce Canadian supply chains and build a more resilient economy, indicated a Transport Canada press release. By making it easier and more cost-effective to move Canadian products within Canada, the government is helping Canadian businesses compete, grow and create opportunities at home.
“Global trade is changing quickly, and Canada must adapt,” Mr. MacKinnon said. “Canadians are looking for more opportunities to buy Canadian products, including Canadian steel. Through this rebate, we’re helping businesses strengthen their presence in the domestic market.”
Ron Bedard, president and CEO of ArcelorMittal Dofasco, one of Canada’s largest steel producers, told CBC that the program will have a “tremendous” impact on the industry and will reap benefits for every province.
“There are projects going on in every single corner of this country and they will now have lower-cost access to Canadian steel produced across this country,” he said.
Shippers can access the rebate portal at: https://tc.canada.ca/en/programs/commodities-sectoral-support-program. (Photo from Transport Canada)