Trade Cases

Canadian steel industry calls for tariffs, evolution of trade tools
Written by Laura Miller
May 16, 2024
Following the announcement earlier this week that the US will hike import tariffs on Chinese goods, including steel and aluminum, Canada’s steel industry called on its government to consider similar tariffs.
“As our trading partners reinforce their trade remedy system with additional measures coupled with new tariffs and stronger laws, it is imperative that Canada keep pace and put in place new tools to defend against the rise in unfairly traded steel imports from China and elsewhere,” Catherine Cobden, the president and CEO of the Canadian Steel Producers Association (CSPA), said in a statement on Tuesday.
Cobden pointed out that Canada’s steel imports from offshore sources have doubled over the last 10 years, with “unprecedented levels of steel imports” continuing to plague the country.
CSPA said China is the third largest exporter of steel to Canada despite the country already having in place 18 trade measures against Chinese steel. China sent 660,000 metric tons of steel to Canada last year alone, the association said.
To remedy this, CSPA is urging Canada’s government “to immediately consider a comparable tariff approach and evolve our trade tools … to further align with the United States.”
Among the trade tools Cobden suggests are retroactive duties on unfairly traded goods, the adoption of greater anti-circumvention protections, and alternative trade remedy tools.

Laura Miller
Read more from Laura MillerLatest in Trade Cases

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.

Price: One-off deal for the UK, pause in China trade war, and more
International trade remains at the forefront of President Trump’s agenda, especially as new negotiations and investigations continue to be announced.

Three Italian CTL plate companies get AD duties, two removed
Commerce began a review of five producers/exporters: NLMK Verona; Officine Technosider; F.A.R. Fonderie Acciaierie; Ferriera Valsider and Metinvest Trametal.

Commerce lays out final results for CVD review on certain Korean CR products
The period under review is Jan. 1, 2022, through Dec. 31, 2022.

Commerce gives final CVD results on certain Korean CORE products
The US Commerce Department has provided the final results for the countervailing administrative review of certain corrosion-resistant steel products (CORE) from South Korea.