In this way, the country increases the transparency of the production chains of steel products
Canada will require importers of steel products to provide border authorities with information about the steel producing and bottling country starting November 5, 2024. This is stated in the government's announcement .
As part of a phased approach, importers of steel products can begin providing data on the country where the crude steel was first produced. This process will ensure the country's cooperation with the steel industry to support an effective and smooth transition to mandatory reporting.
"Canada is implementing a predictable and transparent process to collect country smelting and bottling information that will increase the reliability and resilience of the North American steel supply chain," said Maria Ng Minister of International Trade, Export Promotion and Economic development.
Global Affairs Canada will analyze the data and publish reports on steel import trends.
Canada's steel import monitoring program supports the timely publication of data on its type, quantity, origin and value, and is a source of preliminary information to track potential trends in real time. In 2023, more than 373 thousand transactions were monitored under the program.
The Government of Canada is implementing its phased approach to gathering information about the smelting and bottling country, following public consultations with metals industry stakeholders that began in 2022. In the coming months, you will have an additional opportunity to contribute to upcoming regulatory changes.
As Compraço previously reported, last March, the Canadian Steel Producers Association (CSPA) called on the federal government to act quickly to protect the competitiveness of the country's steel industry and save jobs. The organization drew attention to the growth of offshore imports into Canadian steel markets, as well as actions by the country's key partners to support their industry in the global race to attract climate investment.
