The Globe and Mail: While Mr. Goncalves said that tariff-rate quotas imposed by Ottawa last year on foreign steel imports have helped Stelco considerably in hot-rolled steel, it hasn’t been enough in the galvanized sector. The Canadian market is too small to accommodate two domestic producers of galvanized steel, Stelco and ArcelorMittal Dofasco, as well as a flood of cheap imports, he said.
“The domestic market in Canada simply cannot accommodate, and when the prime minister goes on a world trip and says, ‘Come to Canada, we’re open for business,’ they’re basically inviting new imports into the market.”
He drew a direct line between Mr. Carney’s efforts to diversify Canada’s auto sector internationally and the loss of steel jobs in Canada. With Mr. Carney allowing China to sell a limited number of electric vehicles in Canada, “he was basically snatching defeat out of the jaws of victory,” Mr. Goncalves said…