Two Hoa Phat subsidiaries ruled as dumping steel wire rod

The Canada Border Services Agency (CBSA) on September 4 issued its conclusion of an investigation into anti-dumping measures for steel wire originating or exported from China, Egypt, and Vietnam.

Wire rod is used as an input product for further manufacturing. Specifically, wire rod is commonly drawn through a hole in a die through cold-forming, which results in a virtually round product, namely, wire. Unlike wire rod (which is approximately circular), wire can also be drawn into several different cross-sectional shapes including square, rectangular, and hexagonal.

The margins of dumping are the margins determined by the CBSA for purposes of the final determination of dumping. These margins do not reflect the anti-dumping duty to be levied on future importations of dumped goods.

In the event of an injury finding by the Canadian International Trade Tribunal, normal values have been provided to the exporters which provided sufficient information for future shipments to Canada and these normal values would come into effect the day after the injury finding.

Meanwhile, the dumping margin for China’s Jiangsu Shagang International Trade Co. Ltd. stood at 34 per cent, whilst for other exporters the figure was at 46.2 per cent. Furthermore, Egypt’s Suez Steel Co., Ltd. was subject to a dumping margin of 8.6 per cent and other exporters at 21.3 per cent

The Canadian International Trade Tribunal is determining the damage to domestic production and is expected to release its conclusion by October 4.

The CBSA said that although no evidence was found regarding other exporters who exported subject goods to Canada during the Points of Information, anti-dumping duties are applicable should new exporters begin selling subject goods to Canada.

It decided that the normal values and export prices determined for the exporters from Vietnam whose submissions were substantially complete, rather than the information provided in the complaint or estimated at initiation, and would be used to establish the methodology for determining normal values for all other potential exporters of subject goods from Vietnam.

Information regarding the normal values of the subject goods should be obtained from the exporter. Imports of subject goods from exporters/producers that did not provide sufficient information to the CBSA during the dumping investigation and who are not listed in the table above will be subject to the other exporters anti-dumping duty rate pursuant to ministerial specification.

On January 18, 2024, the CBSA received a written complaint from Ivaco Rolling Mills 2004 LP alleging that imports of wire rod originating in or exported from China, Egypt, and Vietnam had been dumped.

The complainant alleged that the dumping had caused injury and was threatening to cause injury to Canadian producers of wire rod.

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