Canada may not slap anti-dumping taxes on Vietnamese corrosion-resistant steel
The Canada Border Services Agency (CBSA) on October 16 made a final decision on the anti-dumping and countervailing investigation of certain corrosion-resistant steel (COR) sheets imported from several countries, including Vietnam, according to the Ministry of Industry and Trade’s Trade Remedies Authority.
Hanoi (VNA) - The Canada Border ServicesAgency (CBSA) on October 16 made a final decision on the anti-dumping andcountervailing investigation of certain corrosion-resistant steel (COR) sheets importedfrom several countries, including Vietnam, according to the Ministry ofIndustry and Trade’s Trade Remedies Authority.
After an 11-month investigation, the Canadian authority found that the VietnameseGovernment did not subsidise companies to produce and export COR products.Therefore, it will not apply anti-subsidy tariffs on COR sheets imported fromVietnam.
Canada also decided to cut anti-dumping tariffs for Vietnamese exporters whohad cooperated extensively during its investigation. The anti-dumping tax isnow set at 2.3-16.2 percent of the export price, which is much lower than thepreliminary determination of 36.3-91.8 percent.
The Canadian International Trade Tribunal is continuing its inquiry into thequestion of injury to the domestic industry, and will make a finding onNovember 16. If there is no damage established, Canada will not levyanti-dumping tariffs on Vietnamese COR steel.
Last month, the CBSA also announced that it launched an investigation intowhether certain concrete reinforcing bars originating in or exported fromVietnam are being sold at unfair prices in Canada. The investigation took placefrom June 1-30.
It stemmed from a complaint filed by ArcelorMittal Long Products Canada G.P,AltaSteel Inc., and Gerdau Ameristeel Corporation. The CBSA has ordered steelmakers being investigated to reply to questionnaires no later than October29./.
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Illustrative image (Photo: VNA) 
