Finance committee  I can't comment on rare earths specifically, but as an industry, we are under intense pressure from unfairly traded imports from around the world. It is something that we must remain vigilant on, and we must ensure that we have all of the trade mechanisms as sufficiently as possi

Finance committee  Thank you very much, Mr. Chair and members of the committee, for having me. My name is Catherine Cobden, and as mentioned, I am the president of the Canadian Steel Producers Association. We thank you very much for the opportunity to provide input to you in terms of your pre-budg

Finance committee  Yes, thank you very much for that comment. I had that thought earlier, to talk about the sense and the understanding with the U.S. that gives us the certainty that they see the world the same way we do; that there's overcapacity. These risks are significant, and we all need to ac

Finance committee  Mr. Chair, if I may jump in, I'll just point out that there was an allocation of new resources in the last budget. That was certainly a step in the right direction but—as Dave is alluding to—there are other things that can be done that industry and government agree should be done

Finance committee  Right. From the CITT's perspective, it's talking about the decision-making process to go from provisionals to final, which I don't think this legislation changes. This legislation really just removes the barrier to revisiting safeguards so that you no longer have to wait two year

Finance committee  I actually was giving a pause because I don't know, Dave, if you're still there, but Dave was the chairman of one of the working group subcommittees on CBSA, so he's very well versed. Dave, did you want to come on?

Finance committee  I would just like to be reflective for a moment and say how important and impressive it was to have the Team Canada approach. I think what happened was that no matter what party and political stripe we were from, what community we were from, what side of the business ledger we we

Finance committee  I personally have already made this point, and I would like to double down on it in the sense that there's been a working group that's looking at strengthening our trade remedy system. It sounds “techie”, but it's really important. We must strengthen our borders and our mechanism

Finance committee  Yes, I would say that the trend has been downwards on all products, most products. Dave, do you want to make a comment from your product category?

Finance committee  No, we'll be ready to use it much sooner than that. We're going to need it soon.

Finance committee  This legislation does not violate the WTO rules. It's a change to Canadian legislation.

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.

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

Finance committee  It's China.

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?