Algoma CEO says Ottawa’s new foreign steel import quotas fall far short of what is needed during trade war

Algoma Steel Group Inc. ASTL-T chief executive Michael Garcia says the federal government’s quotas around foreign imports of the metal fall far short of what is needed during a vicious trade war with the United States. Mr. Trump in early June doubled tariffs on almost all the U.S’s foreign steel imports to 50 per cent, a level that makes it virtually impossible for Canadian producers to compete in the U.S.