Illustrative image. (Source: AFP/VNA)Hanoi (VNA) – 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).
The CBSA recently announced final determinations of dumping and subsidising of certain cold-rolled steel in coils or cut lengths from China, the RoK and Vietnam.
The CBSA said in a statement it has found a 99.2 percent margin of dumping and 6.5 percent in amount of subsidy in these steel products from Vietnam. Meanwhile, the margin of dumping and amount of subsidy in the products from China were determined at 91.9 percent and 11.6 percent, respectively; from the RoK 53 percent and 11.3 percent, respectively.
“The Canadian International Trade Tribunal (CITT) is continuing its inquiry into the question of injury to the domestic industry and will make an order or finding by December 21, 2018,” it noted. “Provisional duties will continue to apply on imports of subject goods until the date of the CITT’s order or finding.”
The CBSA launched a probe into whether or not certain cold-rolled steel in coils or cut lengths originating in or exported from China, the RoK and Vietnam are being sold at unfair prices in Canada and if subsidies are being applied to these products.
The investigations are the result of a complaint filed by ArcelorMittal Dofasco G.P., located in Ontario. The complainant alleges the Canadian industry is facing declining market shares, loss of sales, price undercutting, price depression and declining production and utilisation rate.
The investigations, which took place from April 1, 2017 to March 31, 2018, examined cold-rolled steel commonly used in the production and manufacture of a range of goods including household appliances, drums, tubing, furniture and strapping. These investigations did not cover cold-rolled steel used for automobile production.
Currently, there are 99 special import measures in force in Canada, covering a variety of industrial and consumer products, from steel products to refined sugar.–VNA
VNA
