Essar mulls trade complaint against low-priced imports

Aug 14, 2013 | 06:24 PM | Rey Mashayekhi

Tags  Essar Steel Algoma, quarterly earnings, dumping, imports, rolled plate, steel, Rey Mashayekhi

NEW YORK — Essar Steel Algoma Inc. is considering plans to initiate a trade complaint against "low-priced and possibly dumped imports" from Brazil, South Korea and other countries, citing threats posed by cheap imports and falling prices in its quarterly earnings report analysis.

"The company is very concerned about the surge of as-rolled plate imported into Canada over the past several months," Essar Steel said in its management discussion and analysis report. "Significant quantities of low-priced plate imports from South Korea, Brazil and five other countries have resulted in lost sales and reduced prices in the market."....

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