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Finance committee Good afternoon, Mr. Chair, members of the committee and fellow panellists. I appreciate the opportunity to be here. My name is Catherine Cobden. I'm president of the Canadian Steel Producers Association. I'm here today representing our member companies, who are engaged in the m
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee I think we would describe these times as rather unprecedented. This is the feeling of the CSPA membership. It's why we are so seized with the tool box getting expanded. Frankly, flexibility does not in our case mean uncertainty, as a previous witness had identified. For us it act
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee The first point I was trying to make was that we have suppliers who serve the west. The Canadian steel producers, all of them, are prepared, and have been serving the west, but there are also some specific facilities that are based in the west. Sometimes I worry that we think of
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee Yes, right, the Soo as well; sorry, Dave.
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee To further elaborate on my answer, Canada and the U.S. can serve this market in the western part of our country, as previously mentioned. In fact, I'm really pleased to report that with regard to the Canadian market share, I can give you an example on a topic that keeps getting b
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee I wondered if I could build on the point about the U.S. I think it's really important for all of us—all the political parties in Canada and all the stakeholders—to remember that the U.S. is watching our every move. We have to demonstrate that we have the tools and we will use the
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee Honestly, I think that safeguards were a very helpful tool. It was a different political situation in the U.S. around their interest on section 232. As you know, they applied them globally—not just to Canada. We were caught up in that unfairly and egregiously and what have you. W
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee Sure. Thank you for your question, Mr. Dusseault. I will answer you in English.
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee Five of the seven, yes. As Mr. Neumann stated, I really do believe that this had to do with timing: the period of investigation and the timing of the initiation of the process. Our sense is that, without safeguards, we will have surges. We have been asking fairly consistently in
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee Mr. Chair, if you don't mind, I have just one more thing to add that I think is quite crucial for all of you to hear, going forward. What we feel is an important lesson learned from what we just lived through is that we have to look very closely at Canada's trade remedy system.
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee I would love to add to that. Thank you very much. It's very nice to see you again, as well. The first point I wanted to make was—maybe officially, because I've been doing this almost every day since 232 was resolved and lifted...but perhaps I should do that here at this commit
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee It means that there are 540 million—which is a very large number when you think that we're a 13-million-tonne market in Canada— tonnes of steel more than the market. So that's overcapacity, or that has the ability to produce overcapacity. That's 36 times our market size.
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee That's the point. It used to be distributed, and it used to be flowing in, at reasonable levels, to different places all over the world, but as other countries—I described a number of them, but there's a much longer list—have taken measures to manage imports coming into their cou
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee It's China.
June 12th, 2019Committee meeting
Catherine Cobden
Finance committee Some producing nations continue to add capacity, so there's a growth in their capacity, yet there's not the equivalent growth in the demand at a global level. Do you want to add more?
June 12th, 2019Committee meeting
Catherine Cobden