Canada Issues Final Determination in Plate Trade Case
12/09/2015 - The Canada Border Services Agency (CSBA) has issued its final determination in a trade case involving hot rolled carbon and high-strength, low-alloy steel plate from Russia and India, finding that those products have been dumped or subsidized.
The investigation followed a complaint from Ontario-based Essar Steel Algoma Inc.
“Enforcing fair trade in Canada’s domestic steel market is more critical than ever given current market conditions,” said Essar Steel Algoma president and CEO Kalyan Ghosh in a statement.
“The determinations imposed by the CBSA represent a victory for all Canadian steel producers. It signals clearly that our government will not allow other countries to distort our markets by dumping steel here.”
The Canadian International Trade Tribunal is continuing to investigate whether domestic producers have been injured by the dumping and is expected to issue a decision by 6 January 2016.
If the finding is in the affirmative, anti-dumping duties of 98.1 percent would apply, except for Russia’s Severstal, which would be facing a duty of 15.3 percent. Imports from India will also be subject to a countervailing duty of 7,844 rupees per metric ton.
“Enforcing fair trade in Canada’s domestic steel market is more critical than ever given current market conditions,” said Essar Steel Algoma president and CEO Kalyan Ghosh in a statement.
“The determinations imposed by the CBSA represent a victory for all Canadian steel producers. It signals clearly that our government will not allow other countries to distort our markets by dumping steel here.”
The Canadian International Trade Tribunal is continuing to investigate whether domestic producers have been injured by the dumping and is expected to issue a decision by 6 January 2016.
If the finding is in the affirmative, anti-dumping duties of 98.1 percent would apply, except for Russia’s Severstal, which would be facing a duty of 15.3 percent. Imports from India will also be subject to a countervailing duty of 7,844 rupees per metric ton.
