Core Insights - The Canadian steel and related manufacturing industry has experienced significant declines in both output and export volumes due to the ongoing impact of high U.S. tariffs [1] Output Summary - Since the U.S. imposed a 25% tariff on all imported steel and aluminum in March, the output of Canada's steel and iron alloy manufacturing sector decreased by 24.8% in July compared to February [1] - Following an increase in the tariff rate to 50% in June, the industry saw a monthly output contraction of 19.1% in July, marking the largest monthly decline of the year [1] Export Summary - In July, the export volume of unrefined steel and iron alloys from Canada fell by 25.5% compared to February [1] - Exports of basic and semi-finished steel products experienced an even more substantial decline, dropping by 34.4% since February [1]

Core Insights - The Canadian steel and related manufacturing industry has experienced significant declines in both output and export volumes due to the ongoing impact of high U.S. tariffs [1] Output Summary - Since the U.S. imposed a 25% tariff on all imported steel and aluminum in March, the output of Canada's steel and iron alloy manufacturing sector decreased by 24.8% in July compared to February [1] - Following the increase of the tariff rate to 50% in June, the industry saw a monthly output contraction of 19.1% in July, marking the largest monthly decline of the year [1] Export Summary - In July, the export volume of unrefined steel and iron alloys from Canada fell by 25.5% compared to February [1] - Exports of basic and semi-finished steel products experienced an even more substantial decline, dropping by 34.4% compared to February [1]