The Canadian International Trade Tribunal (CITT) has taken a significant step by initiating an expiry review of the antidumping duties imposed on cold rolled steel (CRS) originating from China, South Korea, and Vietnam.
Presently, the antidumping duties stand at 91.9 percent for China, 53.0 percent for South Korea, and 99.2 percent for Vietnam. Additionally, subsidy rates are recorded at 11.6 percent for China, 11.3 percent for South Korea, and 6.5 percent for Vietnam. These duties, which have been in effect, are scheduled to expire on December 20, 2023.
The Canada Border Services Agency is set to make a crucial decision on this matter no later than April 12, 2024. Furthermore, a comprehensive Statement of Reasons is expected to be issued by April 29, 2024, shedding light on the rationale behind the agency's determination.
This review underscores Canada's commitment to ensuring fair trade practices and evaluating the necessity of continuing antidumping duties on CRS from these three countries. As the decision-making process unfolds, stakeholders will closely monitor developments in the international steel trade landscape.
Vietnam Steel by Hoa Sen Group