Trade Cases

CITT Finds No Injury from Imports of Steel Plate from Russia and India

January 10, 2016

The Canadian International Trade Tribune determined on Jan. 6 that the dumping of hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from India and Russia have not caused injury and are not threatening to cause injury to the domestic industry. CITT also found no injury from the subsidizing of those products from India. CITT will release the reasoning behind the determination later this month.

The news was met with disappointment by Essar Steel Algoma which submitted the original complaint of dumping to the Canada Border Services Agency.

In December, CBSA determined dumping or subsidizing had occurred on the products in question from Russia and India.

At that time, President and CEO Kaylan Ghosh expressed confidence in the government’s support of Canadian steel producers. “It signals clearly that our government will not allow other countries to distort our markets by dumping steel here.”

Following the CITT decision, Essar Steel Algoma spokesperson Brenda Stenta commented, “We are very disappointed with the tribunal’s ruling and the serious ramifications that this will have for the Canadian steel plate industry.”

“We disagree with their decision and will await the release of their statement of reasons before we comment further,” she added.

In November, Essar Steel Algoma entered restructuring under the Companies’ Creditors Arrangement Act (CCAA) citing among its reasons record low steel markets and a “barrage of imports.”