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    January 30, 2025

    CRU: Canada would struggle to re-direct its US steel exports

    Written by Matthew Watkins

    Would Canada’s steel exports be re-directed if the USA imposed import tariffs against Canadian goods?

    Canada has consistently exported 4–6Mt/y of steel over the past decade or so. This trade flow is overwhelmingly focused on just one destination – the USA. With Mexico receiving the largest amount of the rest, Canada has a tiny exposure to the world outside USMCA, averaging only 150,000 t/y since 2016.

    Matthew Watkins

    Read more from Matthew Watkins

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