Steel Mills
CBSA Initiates Antidumping Case on Plate after Algoma Complaint
Written by Sandy Williams
May 28, 2020
Algoma Steel welcomed a decision by the Canada Border Services Agency (CBSA) to initiate an antidumping investigation regarding hot-rolled heavy steel plate exported from Chinese Taipei, Germany, South Korea, Malaysia and Turkey.
Algoma submitted a complaint to CBSA on April 6, 2020, alleging that the goods indicated were illegally dumped, causing injury to Canadian producers and workers.
Algoma Steel CEO Michael McQuade commented on today’s development, “Algoma Steel has been successfully serving the Canadian market for over 100 years. On a level playing field, Algoma will compete with any producer in the world. However, where exporters choose to dump steel into Canada, we will not hesitate to respond. Maintaining a strong Canadian trade defense system is especially critical in today’s volatile trading environment.”
A preliminary decision by the CBSA and Canadian International Trade Tribunal will be issued by Aug. 24, 2020. If an affirmative decision is made on dumping, duties will be imposed as of Aug. 25, 2020, and possibly retroactively to May 27.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.