Trade Cases
CITT Finds No Injury from Imports of Steel Plate from Russia and India
Written by Sandy Williams
January 10, 2016
The Canadian International Trade Tribune determined on Jan. 6 that the dumping of hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from India and Russia have not caused injury and are not threatening to cause injury to the domestic industry. CITT also found no injury from the subsidizing of those products from India. CITT will release the reasoning behind the determination later this month.
The news was met with disappointment by Essar Steel Algoma which submitted the original complaint of dumping to the Canada Border Services Agency.
In December, CBSA determined dumping or subsidizing had occurred on the products in question from Russia and India.
At that time, President and CEO Kaylan Ghosh expressed confidence in the government’s support of Canadian steel producers. “It signals clearly that our government will not allow other countries to distort our markets by dumping steel here.”
Following the CITT decision, Essar Steel Algoma spokesperson Brenda Stenta commented, “We are very disappointed with the tribunal’s ruling and the serious ramifications that this will have for the Canadian steel plate industry.”
“We disagree with their decision and will await the release of their statement of reasons before we comment further,” she added.
In November, Essar Steel Algoma entered restructuring under the Companies’ Creditors Arrangement Act (CCAA) citing among its reasons record low steel markets and a “barrage of imports.”
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Steel groups voice different takes on US-EU trade deal
US and European steel trade groups were at odds over their reaction to the recent trade deal President Trump brokered with the EU.
Here’s what’s up next in the big coated steel trade case
Attorneys representing domestic petitioners and foreign respondent companies have been busy filing case briefings and making rebuttals as the corrosion-resistant steel unfair trade investigations begin to wind down.
Price: Which countries get a ‘zonk’ in Trump’s primetime ‘Let’s Make a (Trade) Deal’ show?
As the president’s August 1 tariff deadline approaches, the “Let’s Make a Deal” game show returns to primetime (the Monty Hall version, of course). As the administration begins rolling out trade deals, we are starting to see what’s behind door number one and who is getting a “zonk.”
Trump says Canada deal might not happen: Report
President Trump said a negotiated deal with Canada might not occur, and all existing tariffs, along with those set to take effect soon, will stay in place, according to media reports.
Steel trade groups applaud Trump’s S232 tariffs
Five trade organizations involved with North American steel have praised President Trump’s Section 232 tariffs on steel for helping the domestic industry.