lenta-ua.net
Canada has imposed anti-dumping duties on Russian and Indian steel in an attempt to protect domestic producers from competition from the states with weakened currency, according to Canada Border Services Agency (CBSA), Reuters Russian service reports.
The complaint was originally filed by Essar Steel Algoma, the Canadian arm of Essar Steel. Steel is also produced in Canada by Evraz, owned by Russian oligarch Roman Abramovich and his partners, according to Reuters.
Temporary duty imposed on the hot rolled carbon steel plates and HSLA (high strength light alloy) steel plates. This steel is mainly used for the production of large steel structures - from railroad cars to bridges and ships.
The complaint was filed in April this year seeking import duty on carbon and high-strength low-alloy steel plates, mostly of 5-10 mm thickness. "In our complaint, we identified 58 subsidy programmes, which we feel have provided actionable benefits to Indian plate producers and are therefore countervailable under Canadian law," Essar said, the Economic Times reported earlier.
Canada has introduced a fee of 239.4% on steel plates from Russia, but for Severstal company, the customs duty will amount to only 50.9%, according to the CBSA.
Read alsoUkraine sees 40% decline in ferrous metals and iron ore export revenuesThe size of the margin of dumping for Severstal is estimated at 32%, whereas for the other Russian producers it is 220.5%.
With regard to the Indian producers, Canada has introduced a fee of 240.8%.
The final decision on the results of Canada’s investigation is expected to be taken at the beginning of next year.
Fees apply to products that have been reported to the Canadian customs after September 8.