CHICAGO Fewer low-priced steel plate imports have arrived in Canada as a result of a recent trade complaint, according to Essar Steel Algoma Inc. chief executive officer Kalyan Ghosh.
"We filed a plate case against seven countries ... and we could prove that it was injuring us and coming in here lower than their own domestic market," Ghosh told participants at CRU Groups North American Steel Conference in Chicago Nov. 11. "The hearing is in December, and we hope to win it. But after the case had been launched, yesthere has been a reduction."
Essar Steel Algoma filed an anti-dumping duty petition with the Canadian government earlier this fall against hot-rolled carbon steel plate and high-strength low-alloy steel plate from Brazil, Denmark, Indonesia, Italy, Japan, South Korea and Taiwan (amm.com, Sept. 11).
The Canadian International Trade Tribunal (CITT) determined Nov. 4 that there was a "reasonable indication" that dumping of the product was causing or threatening to cause injury (amm.com, Nov. 4).
While import volumes into Canada are not necessarily overwhelming, Ghosh said the threat of imports is enough to hurt its own markets. "Imports have ... been very low," he said. "What makes it difficult isnt the volume ... its the sentiment that a boatload (of steel) has just arrived that is $100 (per ton) lower than the domestic price."
The Sault Ste. Marie, Ontario-based steelmaker sells about 50 to 55 percent of its product into the U.S. market and the rest in Canada.
The Canada Border Services Agency is scheduled to complete its preliminary investigation by Dec. 4.