Carney toured Walters Group’s Rymal Road East facility, where he met with employees, industry leaders, and local representatives to discuss the challenges facing steel producers. Standing among rows of Canadian-made steel beams, he praised the skill, determination, and innovation of Hamilton’s workforce — calling them “the backbone of Canada’s industrial strength.”

“Hamilton built this country once,” Carney said. “And we’re going to make sure it helps build it again — stronger, cleaner, and more competitive than ever.”

A New Plan for Steel

During the visit, the Prime Minister announced a three-part federal plan to protect and strengthen Canada’s steel industry — a sector hit hard by unfair global competition and recent U.S. tariffs.


  1. Protecting Canadian jobs and production: Ottawa will tighten import rules to curb steel dumping and apply new tariffs on foreign products that undercut Canadian producers.


  2. Investing in modernization and workers: Through the Strategic Innovation Fund, the federal government will invest $1 billion to help steel companies upgrade equipment, cut emissions, and stay competitive. An additional $70 million will go toward retraining programs for up to 10,000 workers.


  3. Building with Canadian steel: Updated federal procurement rules will prioritize Canadian-made steel for major public infrastructure projects — ensuring taxpayer dollars support domestic jobs.


Carney said the goal is to move from a reactive stance — “responding to crises” — to a proactive industrial strategy that builds long-term resilience at home.