Yes, I think so. I think it's important to give credit where credit is due. Recent policy initiatives taken by the government have included the section 53 tariffs on Chinese steel and aluminum; improved monitoring at the border, although we think we could do more and devote more resources there; and the move in November to implement “melt and pour” requirements on imported steel. There also seems to be movement on “smelt and cast” requirements on aluminum. There was recently consultation there. These are all things we can do to protect our domestic industry vis-à-vis the most significant threat in steel and aluminum, which is excess capacity in the global market and the dumping and trade circumvention of steel and aluminum sourced in China.
As for moving to a carbon border adjustment mechanism, we recognize, as your colleague Mr. Desjarlais stated, that something needs to be done to mitigate carbon and address climate change. However, we have to ensure that our domestic producers aren't unfairly treated vis-à-vis foreign producers that are producing dirtier steel. It's counterproductive if we put a price on carbon in our domestic market for domestic producers and don't put a similar price elsewhere to ensure fair competition in our market and reduce carbon leakage.