Steel Mills
Essar Steel Algoma Appeals CITT Negative Injury Plate Determination
Written by Sandy Williams
February 18, 2016
SAULT STE. MARIE, ONTARIO – On January 29, 2016, Essar Steel Algoma appealed to the Federal Court of Appeal to overturn the January 6, 2016 decision of the Canadian International Trade Tribunal (“CITT”) regarding dumped and subsidized hot-rolled carbon steel plate and high-strength low-alloy steel plate imports from India and Russia. In their ruling, the CITT found that said imports have not caused injury and are not threatening to cause injury to Canada’s domestic steel industry.
The CITT ruling followed the December 2015 the Canada Border Services Agency (“CBSA”) finding that imports from India and Russia had been dumped into Canada at margins as high as 98%. The CBSA also found that Indian imports had received significant government subsidization. Notwithstanding the CBSA’s findings of significant dumping and subsidization, the CITT’s decision means that these same imports are exempt from dumping or countervailing duties.
Essar Steel Algoma believes that the CITT made several fundamental errors of law and it is asking that the Federal Court of Appeal reverse the CITT’s decision. If the appeal is successful, dumping and countervailing duties will be imposed on imports of steel plate from India and Russia, for an initial period of five years. These duties could be applied retroactively to imports entering Canada as of January 6, 2016.
(A press release from Essar Steel Algoma)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.
USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.
SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.
POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.