Responding to recent requests from Canadian companies that rely on US steel products, Canada has agreed to exclude some additional imported products, such as rebar, subject to new tariffs and quotas, Kallanish has learned.
Canada also says that exemptions will be made for orders for steel imports in transit prior to 25 October, Reuters reports. Specific companies were not identified.
Construction industry leaders had lobbied the government to create exemptions for rebar from a new round of quotas and tariffs imposed on US steel products.
The government also says it will also provide relief to some Canadian automakers that buy US steel under contract and distribute it to Canadian suppliers.
In October, Canada imposed quotas and tariffs on seven categories of steel imports from countries outside the United States. The trade restrictions were intended to protect Canadian steelmakers such as Stelco Holdings, ArcelorMittal Dofasco and others from cheap foreign steel.