Canada Unveils Measures to Thwart Dumping of Steel Products

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Canada is set to unveil rules designed to prevent cheap steel imports from displacing domestically-produced products. Above, workers make steel pipe at Bri-Steel Manufacturing in Edmonton on JuneJune 21.

Canada is set to unveil rules designed to prevent cheap steel imports from displacing domestically-produced products. Above, workers make steel pipe at Bri-Steel Manufacturing in Edmonton on JuneJune 21.


Photo:

candace elliott/Reuters

Breaking News…..

*Canada Unveils Steps to “Prevent Diversion” of Foreign Steel Products into Country

*Canada to Slap Tariffs of 25% on Certain Foreign Steel Products When Quota Exceeded

*Canada Says Tariffs to Begin October 25

(More to Come)

Previously….

OTTAWA—The Canadian government is set to unveil measures aimed at thwarting the dumping of certain steel products in the country, according to people familiar with the government’s plans.

The people said an announcement is expected Thursday.

The goal of the so-called safeguard measures is to prevent cheap steel imports from entering Canadian markets and displacing domestically-produced steel products. Canada’s steel industry has complained in recent months that U.S. tariffs on steel and aluminum, imposed on national-security grounds, have caused more shipments of cheap steel to be diverted to Canada from the U.S.

Canada’s finance minister, Bill Morneau, said in August the government was considering broad tariffs or quotas on seven different steel products that he said had seen recent surges in imports, including wire rod, steel plate and concrete reinforcing bar. A spokesman for Mr. Morneau declined to comment on whether an announcement was upcoming.

Implementing these measures could also address concerns from the Trump administration that foreign companies are using Canada as a backdoor to move their metals into the U.S. In late May, the U.S. also hit Canada with steel and aluminum tariffs on national-security grounds.

The European Union had already announced similar safeguard measures in July, which involve 25% tariffs that kick in on specific products after a certain quota is reached.

Write to Kim Mackrael at [email protected]



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