Analysis
Evraz NA To Lay Off Workers in Canada
January 31, 2023
Evraz North America Inc. said it would lay off workers in Canada because of high volumes of low-priced imports.
The company noted that “unfairly traded imports” continue to negatively impact its Canadian operations.
“Due to these imports, and starting next month, Evraz North America will make production adjustments that will regrettably result in layoffs at its Canadian facilities,” Evraz NA said in a statement provided to SMU.
More than 100 workers will be temporarily laid off at operations in Regina, Saskatchewan, and more than 30 employees will be impacted in Camrose, Alberta, according to a report from Canada’s CTV, which said Evraz NA plans to reduce its two-inch and 24-inch pipe production.
The Canadian Steel Producers Association (CSPA) voiced concern over the situation.
“Foreign imports continue to enter into the Canadian market at an alarming rate. Currently 41% of steel used in Canada is coming from carbon-intensive offshore producers,” CSPA said in a statement.
CSPA urged the use of trade tools, “such as normal values and retroactive duties — to stop unfair trade practices that hurt the domestic industry, its employees, and communities.”
In November, the US Department of Commerce’s International Trade Administration (ITA) finalized new antidumping rates for Evraz NA large-diameter welded pipe from Canada. It set a weighted-average dumping margin of 36.02% for Evraz’s shipments vs. a previous rate of 7.9%.
By Ethan Bernard, ethan@steelmarketupdate.com
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