|By Marketwired .||
|September 5, 2013 02:00 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 09/05/13 -- The Canada Border Services Agency (CBSA) announced today that it is initiating an investigation into the alleged injurious dumping of certain hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from Brazil, Chinese Taipei, Denmark, Indonesia, Italy, Japan and the Republic of Korea.
The investigation follows a complaint filed by Essar Steel Algoma Inc., of Sault Ste. Marie, Ontario. The complainant alleges that the dumping of these goods is harming Canadian production by causing the following: price depression/suppression, lost market share, lost sales, reduced profits, reduced utilization of production capacity and reduction in employment.
Dumping occurs when goods are sold to importers in Canada at prices that are less than their selling prices in the exporter's domestic market or at unprofitable prices. The Special Import Measures Act protects Canadian producers from the damaging effects of such unfair trade.
The Canadian International Trade Tribunal (the Tribunal) will now begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by November 4, 2013. While the Tribunal is examining the question of injury, the CBSA will investigate whether the imports are being dumped, and will make a preliminary determination by December 4, 2013.
Should the CBSA make a preliminary determination of dumping, the investigation will be continued for the purpose of making a final decision within 90 days after the date of the preliminary determination. If the CBSA's investigation reveals that imports of the subject goods have not been dumped, that the margin of dumping is insignificant or that the actual and potential volume of dumped goods is negligible, the investigations will be terminated.
Although duties to counteract the dumping are normally only applied to goods released on or after the date of the CBSA's preliminary determination, if the Tribunal determines that an unusually large increase in harmful imports has occurred prior to the CBSA's decision and that the retroactive application of anti-dumping duty is therefore justified, duty could be levied on the goods brought into Canada as of today.
A copy of the Statement of Reasons, which provides more details about the investigation, will be available on the CBSA's Web site at www.cbsa.gc.ca/sima-lmsi within 15 days. More information on the CBSA's Anti-dumping and Countervailing Directorate or the Special Import Measures Act can also be found on this site.
Canada Border Services Agency