CSPA Welcomes Initiation of Investigation on Imported Rebar

OTTAWA, Aug. 19, 2016 /CNW/ - The Canadian Steel Producers Association (CSPA) welcomes the Canadian Border Services Agency (CBSA)'s announcement of the initiation of an investigation into the injurious dumping of concrete reinforcing bar originating in or exported from the Republic of Belarus, Chinese Taipei, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, the Portuguese Republic and the Kingdom of Spain.

The CBSA announcement can be accessed at: http://www.cbsa-asfc.gc.ca/sima-lmsi/i-e/rb22016/rb22016-ni-eng.html

The investigation was initiated in response to a complaint filed by Canadian producers ArcelorMittal Long Products Canada, G.P., Gerdau Ameristeel Corporation and AltaSteel Ltd.

"We appreciate the CBSA's commitment through this investigation to ensuring that fair trade in imports of rebar will be respected," said CSPA President Joseph Galimberti. "It is vital for domestic steel producers and their employees that market-based competition in Canada is preserved. This is an important investigation for the 22,000 Canadians employed directly and the 100,000 employed indirectly in steel."

This is the second investigation into unfairly traded rebar in Canada in the past two years. A previous investigation into unfairly traded rebar from China, Korea and Turkey resulted in the imposition of duties against these three countries in 2015. It also follows on the heels of the recent decision by the Canadian International Trade Tribunal (CITT) to extend its antidumping and countervailing duty finding on imports of hot-rolled steel sheet and strip from China, Brazil, India and Ukraine into Canada.

The CSPA and its member companies believe in fair and effective enforcement of trade remedy laws which support Canada's ability to quickly respond to dumped and subsidized imports. In light of the increased volume of unfairly traded goods entering the Canadian market, the CSPA views investigations like this one as critical to ensuring our member companies and their employees are able to compete fairly in the global market.

"Our membership will continue to vigorously defend against unfairly traded, dumped and subsidized steel products which may include the initiation of additional trade cases on hot-rolled, cold rolled, coated flat and other steel products," said Galimberti. "The recent improvements the Government of Canada has made to our trade remedy framework are helpful and we look forward to additional near- term legislative enhancements to address unfair trade in Canada."

About CSPA:

The Canadian Steel Producers Association (CSPA) is the national voice of Canada's $14B steel industry. Our member companies annually produce approximately 13 million tonnes of primary steel as well as over 1 million tonnes of steel pipe and tube products in facilities located across Canada. Domestic steel operations directly employ some 22,000 Canadians while supporting an additional 100,000 indirect jobs.

SOURCE Canadian Steel Producers Association

Media Contact: Joseph Galimberti, President, Canadian Steel Producers Association, 613-238-6049