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
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
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
"While there has been
some price depression, especially toward the end of the period
of investigation, it has not been significant," the CITT
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.