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Canada Launches Probe into Heavy Plate Imports from Taiwan, Germany, South Korea, Malaysia & Turkey

Steel News - Published on Thu, 28 May 2020

Image Source: Heavy Plate
The Canada Border Services Agency announced that it is launching an investigation to determine whether certain hot-rolled carbon steel heavy plate and high-strength low-alloy steel heavy plate from the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu in Chinese Taipei, Germany, South Korea, Malaysia, and Turkey are being sold at unfair prices in Canada. The subject goods are certain hot-rolled carbon steel heavy plate and high-strength low-alloy steel heavy plate. Heavy plate is commonly used in the production of rail cars, oil and gas storage tanks, heavy machinery, agricultural equipment, bridges, industrial buildings, high-rise office towers, ships and barges, and pressure vessels.

The investigation is the result of a complaint filed by Algoma Steel Inc located in Sault Ste. Marie in Ontario and is supported by SSAB Central Inc. and Janco Steel Ltd. The complainant alleges that the Canadian industry is facing an increase in the volume of the allegedly dumped imports, suppression of market share, lost sales, price undercutting, price depression, underutilization of capacity, threat to continuous investments, and impacted financial results.

The Canadian International Trade Tribunal will begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by July 24, 2020. Concurrently, the CBSA will investigate whether the imports are being sold in Canada at unfair prices, and will make a preliminary decision by August 25, 2020.

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Posted By : Yogender Pancholi on Thu, 28 May 2020
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