Economy
Canada to Initiate Dumping Investigation on Steel Plate
Written by Sandy Williams
September 10, 2013
The Canada Border Services Agency (CBSA) is initiating an investigation into dumping of hot-rolled carbon steel plate and high-strength low-allow steel plate originating or exported from Brazil, Chinese Taipei, Denmark, Indonesia, Italy, Japan and the Republic of Korea.
The investigation, announced on September 5, was prompted by complaints by Essar Steel, Sault Ste. Marie, that the dumping of the listed products is harming Canadian production.
The Canadian International Trade Tribunal (the Tribunal) will make a preliminary decision by November 4, 2013 on whether the imports are causing injury to Canadian steelmakers. In the meantime, the CBSA will investigate the dumping allegation and make a preliminary determination by December 4, 2013.
If the CBSA finds evidence of dumping a final decision will be made within 90 days of the preliminary determination. If dumping is found to be significant in margin and/or volume, duties will be levied on the goods released on or after the date of the CBSA preliminary finding. Retroactive duties are only used in cases when an unusually large increase in harmful imports occur before the date of the preliminary determination.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
Architecture billings flat in October after months of contraction
Architecture firms reported stable billings in October, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek. This follows 20 months of contracting business conditions.
Trump taps Lutnick to be Commerce Secretary
President-elect Donald Trump has named Wall Street veteran Howard Lutnick as the new US Secretary of Commerce.
New York state manufacturing activity ramps up to multi-year high
New York state’s manufacturing sector saw substantial recovery in November, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.
CRU: Dollar and bond yields rise, metal prices fall as Trump wins election
Donald Trump has won the US presidential election. The Republican party has re-taken control of the Senate. Votes are still being counted in many tight congressional races. But based on results so far, the Republicans seem likely to maintain control of the House of Representatives. If confirmed, this will give Trump considerable scope to pass legislation pursuing his agenda. What this means for US policy is not immediately obvious. Trump will not be inaugurated until Jan. 20. In the coming weeks and months, he will begin to assemble his cabinet, which may give a clearer signal on his policy priorities and approaches. Based on statements he made during the presidential campaign, we have set out the likely direction of his economic policy here and green policy here.
ISM: Manufacturing index fell in Oct to lowest point of ’24
Domestic manufacturing contracted for the seventh straight month in October, according to the latest report from the Institute for Supply Management (ISM). This marks the 23rd time in the last 24 months that it has been in contraction.