Ottawa, Canada , November 26, 2025 :
Prime Minister Mark Carney’s administration announced emergency measures on November 26, 2025, to protect Canada’s steel industry from escalating challenges posed by U.S. tariffs and Chinese steel dumping. The $2 billion support package targets steel mills primarily in Ontario and Quebec, regions facing potential job losses of up to 20%.
Key components include substantial subsidies, low-interest loans to steel producers, and export quotas to limit foreign steel imports. The government is also enhancing R&D grants focused on green steel technologies to help modernize and future-proof the sector. In parallel, Canada has filed complaints with the World Trade Organization against China’s unfair pricing practices.
Industry leaders like Stelco praised the package as “vital” for sustaining competitiveness and preserving approximately 150,000 jobs in a $15 billion industry crucial for electric vehicle manufacturing and infrastructure projects. Conversely, opposition Conservatives criticized the plan as “corporate welfare” lacking long-term sustainability.
Social media response was robust, with the hashtag #SaveCanadianSteel trending as workers shared testimonials highlighting the community impact. Economists forecast a potential 1.5% boost to Canada’s GDP if the measures are implemented swiftly, emphasizing the sector’s strategic importance amid ongoing trade tensions with the United States under President Donald Trump.
