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Canadian Legislators to Study Steel Dumping
10/24/2016 - A Canadian parliamentary committee is undertaking a study of the factors that are hindering the country’s steelmakers from competing internationally, including unfair trade.
The Standing Committee on International Trade agreed to hold hearings on the matter at future dates.
The United Steelworkers union in Canada applauded the action.
"One major reason for the crisis in the steel industry is the flooding of the Canadian market from imported steel. Global overcapacity in steel production has risen to 700 million (metric tons), and China by itself maintains over 400 million (metric tons) of surplus capacity – over 30 times the Canadian steel market,” Steelworkers Canadian national director Ken
Neumann said in a statement.
“We look forward to the study and hope for positive recommendations as soon as possible. This crisis has been ignored for too long,” he said.
The United Steelworkers union in Canada applauded the action.
"One major reason for the crisis in the steel industry is the flooding of the Canadian market from imported steel. Global overcapacity in steel production has risen to 700 million (metric tons), and China by itself maintains over 400 million (metric tons) of surplus capacity – over 30 times the Canadian steel market,” Steelworkers Canadian national director Ken
Neumann said in a statement.
“We look forward to the study and hope for positive recommendations as soon as possible. This crisis has been ignored for too long,” he said.
