Canada initiates dumping inquiry into steel imports from China, Vietnam, South Korea
30/05/2018 06:22
The steps follow US imposing steep import duties on steel products from Vietnam that originated in China.
The Canadian International Trade Tribunal (CITT) said on Monday it has initiated a preliminary dumping inquiry into steel imported from China, South Korea and Vietnam.
The tribunal will investigate whether the alleged dumping and subsidizing of “cold-reduced flat-rolled sheet products of carbon steel” from these countries have harmed Canada’s steel industry.
CITT, which operates in Canada’s trade remedy system and reports to parliament, said it will determine the results of the investigation on July 24 and will provide the reasons for the same on August 8.
Canada’s steps follow U.S. actions from last week when the United States Commerce Department had slapped steep import duties on steel products from Vietnam that originated in China after a final finding they evaded U.S. anti-dumping and anti-subsidy orders.
The global steel industry is struggling with a glut of excess production capacity, much of it located in China, that has pushed down prices.
The Canadian International Trade Tribunal (CITT) said on Monday it has initiated a preliminary dumping inquiry into steel imported from China, South Korea and Vietnam.
The tribunal will investigate whether the alleged dumping and subsidizing of “cold-reduced flat-rolled sheet products of carbon steel” from these countries have harmed Canada’s steel industry.
CITT, which operates in Canada’s trade remedy system and reports to parliament, said it will determine the results of the investigation on July 24 and will provide the reasons for the same on August 8.
Canada’s steps follow U.S. actions from last week when the United States Commerce Department had slapped steep import duties on steel products from Vietnam that originated in China after a final finding they evaded U.S. anti-dumping and anti-subsidy orders.
The global steel industry is struggling with a glut of excess production capacity, much of it located in China, that has pushed down prices.
Source: Reuter
Các tin khác
- Businesses capitalize on recovery momentum to explore market expansion (17/04/2024)
- Canada is second largest consumer of Vietnamese pangasius in CPTPP bloc (17/04/2024)
- India’s tariff removal on several US products benefiting farmers: Katherine Tai (17/04/2024)
- Thailand Contemplates Protective Tariffs on Chinese Imports Amidst Surging Trade Deficit (17/04/2024)
- Vietnam becomes largest banana exporter to Chinese market (17/04/2024)