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Investigation launched into corrosion-resistant steel sheet from China, Chinese Taipei, India and South Korea

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Investigation launched into corrosion-resistant steel sheet from China, Chinese Taipei, India and South Korea

Canada NewsWire

OTTAWA, July 26, 2018 /CNW/ - The Canada Border Services Agency (CBSA) announced today that it is launching an investigation into whether or not certain corrosion-resistant steel sheet originating in or exported from China, Chinese Taipei, India and South Korea is being sold at unfair prices in Canada.

The investigation is the result of a complaint filed by ArcelorMittal Dofasco G.P., located in Hamilton, Ontario. The complaint is supported by Stelco Inc. The complainant alleges that the Canadian industry is facing increasing volumes of dumped subject goods, lost sales, price undercutting, price depression, negative financial results, underutilized production capacity, reduced employment, and threat to continuous investments.

Currently, there are 101 special import measures in force, covering a wide variety of products, from steel to refined sugar. These measures have directly helped to protect the Canadian economy and jobs in Canada.

Quick Facts

  • The subject goods are corrosion-resistant flat-rolled steel sheet products of carbon steel including products alloyed with certain elements. For more product information, please refer to the CBSA's website.
  • Corrosion-resistant steel sheet is commonly used in the production of a range of goods such as farm buildings, grain bins, culverts, garden sheds, roofing material, siding, floor decks, roof decks, wall studs, drywall corner beads, doors, door frames, ducting (and other heating and cooling applications), flashing, hardware products and appliance components. Corrosion-resistant steel sheet for use in automobiles and automobile parts is not included in this investigation.
  • The CBSA and the Canadian International Trade Tribunal (CITT) both play a role in the investigation. The CITT will begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by September 24, 2018.
  • Concurrently, the CBSA will investigate whether the imports are being sold in Canada at unfair prices, and will make a preliminary decision by October 24, 2018.
  • A copy of the Statement of Reasons, which provides more details about the investigation, will be available on the CBSA's website at www.cbsa.gc.ca/sima-lmsi within 15 days.
  • To address the evolving nature of trade and to ensure the well-being of industries like steel that are essential to the Canadian economy, Canada is modernizing its trade remedy system. As part of our commitment, the CBSA is working to strengthen our trade remedy systems, improve transparency and coordinate our efforts against unfair trade practices.
  • In 2017, the Canadian steel industry employed more than 23,000 Canadians and contributed $4.2 billion to Canada's gross domestic product (GDP). The Canadian aluminum industry employed 10,500 workers while contributing $4.7 billion to Canada's GDP. These industries are vital suppliers to the Canadian manufacturing, energy, automotive and construction industries.

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SOURCE Canada Border Services Agency

View original content: http://www.newswire.ca/en/releases/archive/July2018/26/c8826.html

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