Canada may not slap anti-dumping taxes on Vietnamese corrosion-resistant steel

Illustrative image (Photo: VNA)

After an 11-month investigation, the Canadian authority found that the Vietnamese Government did not subsidise companies to produce and export COR products. Therefore, it will not apply anti-subsidy tariffs on COR sheets imported from Vietnam.

Canada also decided to cut anti-dumping tariffs for Vietnamese exporters who had cooperated extensively during its investigation. The anti-dumping tax is now set at 2.3-16.2 percent of the export price, which is much lower than the preliminary determination of 36.3-91.8 percent.

The Canadian International Trade Tribunal is continuing its inquiry into the question of injury to the domestic industry, and will make a finding on November 16. If there is no damage established, Canada will not levy anti-dumping tariffs on Vietnamese COR steel.

Last month, the CBSA also announced that it launched an investigation into whether certain concrete reinforcing bars originating in or exported from Vietnam are being sold at unfair prices in Canada. The investigation took place from 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 steel makers being investigated to reply to questionnaires no later than October 29./.