Canada makes final say on anti-dumping probe into cold-rolled steel
Cold-rolled steel imported from China, the Republic of Korea (RoK) and Vietnam is being unfairly subsidised and dumped in Candida, according to the Canada Border Services Agency (CBSA).
Hanoi (VNA) – Cold-rolled steel imported from China, the Republic of Korea (RoK)and Vietnam is being unfairly subsidised and dumped in Candida, according tothe Canada Border Services Agency (CBSA).
The CBSA recently announced final determinations of dumping andsubsidising of certain cold-rolled steel in coils or cut lengths from China, theRoK and Vietnam.
TheCBSA said in a statement it has found a 99.2 percent margin of dumping and 6.5percent in amount of subsidy in these steel products from Vietnam. Meanwhile,the margin of dumping and amount of subsidy in the products from China weredetermined at 91.9 percent and 11.6 percent, respectively; from the RoK 53percent and 11.3 percent, respectively.
“The Canadian International TradeTribunal (CITT) is continuing its inquiry into the question of injury to thedomestic industry and will make an order or finding by December 21, 2018,” itnoted. “Provisional duties will continue to apply on imports of subject goodsuntil the date of the CITT’s order or finding.”
The CBSA launched a probe into whether or not certain cold-rolled steel incoils or cut lengths originating in or exported from China, the RoK and Vietnam are being sold at unfair prices in Canada and ifsubsidies are being applied to these products.
The investigationsare the result of a complaint filed by ArcelorMittal Dofasco G.P.,located in Ontario. The complainant alleges the Canadian industry is facingdeclining market shares, loss of sales, price undercutting, price depressionand declining production and utilisation rate.
Theinvestigations, which took place from April 1, 2017 to March 31, 2018, examinedcold-rolled steel commonly used in the production and manufacture of a range ofgoods including household appliances, drums, tubing, furniture and strapping.These investigations did not cover cold-rolled steel used for automobileproduction.
Currently, thereare 99 special import measures in force in Canada, covering a variety ofindustrial and consumer products, from steel products to refined sugar.–VNA
A Canadian trade body has made a preliminary ruling that imports of cold-rolled steel from Vietnam, China and the Republic of Korea are harming the domestic industry.
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Illustrative image. (Source: AFP/VNA)
