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).
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.