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Lakeside Steel Supports Decision on Imported Chinese Pipe and Tube Products
11/30/2009 - Lakeside Steel Inc. welcomes the Canada Border Services Agency's preliminary determination that Chinese imports of welded oil and gas well casing and seamless and welded oil and gas well tubing have been dumped and subsidized in the Canadian market.
Lakeside Steel Inc. welcomes the Canada Border Services Agency's (CBSA) preliminary determination that Chinese imports of welded oil and gas well casing and seamless and welded oil and gas well tubing have been dumped and subsidized in the Canadian market.
As a result of this determination, preliminary duties of up to 182% began to be applied to imports of oil and gas well casing and tubing from P.R. China on November 23. The CBSA will continue its investigation and issue a final determination on February 22, 2010.
The Canadian International Trade Tribunal announced on November 24 that it was initiating a related investigation to determine whether Canadian producers of oil and gas well casing and tubing have been injured by the dumped and subsidized Chinese imports. The tribunal will issue its determination on March 23, 2010.
A complaint filed by Lakeside Steel and the other Canadian producers of oil and gas well casing and tubing initiated the investigations.
"Lakeside Steel is committed to ensuring imports into the Canadian market are fairly traded and will be actively participating in the current investigations involving dumped and subsidized Chinese imports," said Ron Bedard, Lakeside Steel's President and COO.
Located in Welland, Ont., Lakeside Steel is a diversified steel pipe and tubing manufacturer with a range of customers including large oil and gas, mining, automotive and commercial and industrial supply companies. Lakeside also manufactures pipe and mechanical tubing for the resale market, which is sold to distributors in Eastern Canada and the Northeastern United States. Products for these industries include oil well tubing and casing, mechanical tubing, pressure tubing, automotive tubing, hollows for redraw, line pipe, heating and plumbing pipe, drill rod and specialty tubing. Lakeside serves customers worldwide, either directly or indirectly, in Canada, Australia and the United States.
