NEW YORK Despite evidence that galvanized steel wire from China, Israel and Spain is being dumped in Canada, the Canadian International Trade Tribunal (CITT) has found that the products havent significantly depressed domestic market prices.
As such, no trade remedies will be awarded.
"The dumping and subsidizing of the subject goods have adversely affected the domestic industry, but only for a limited duration and limited extent in terms of lower production volumes, sales, revenues and market share, particularly in the first quarter of 2013," the CITT said.
The CITT announced Aug. 20 it wouldnt impose anti-dumping and countervailing duties on galvanized wire from the subject countries (amm.com, Aug. 21), but released the full results Sept. 4.
The findings showed that despite preliminary evidence that the price of the subject goods from the three nations undercut average Canadian prices by $209 to $248 per tonne between 2010 and the first quarter of 2013, a detailed analysis of the product mix shows imports didnt lead to a significant decline in domestic pricing.
The average unit value of Canadian galvanized wire rod sales rose 5 percent in 2011, stayed level in 2012 and fell 2 percent in 2013, the findings show.
"While there has been some price depression, especially toward the end of the period of investigation, it has not been significant," the CITT said.
Canadian inventory volumes also fell during much of the period, suggesting "the domestic industry has not been having difficulty finding buyers for its goods" and the financial performance of the companies filing the complaintTree Island Steel Ltd., Richmond, British Columbia; and ArcelorMittal Montrealimproved throughout the period of probe.