Thursday, January 10, 2008

Canada lifts anti-dumping duties on Russian and South African plate

The Canadian International Trade Tribunal has lifted anti-dumping duties on hot-rolled steel plate from South Africa and Russia, saying they aren't likely to harm Canadian steel producers.

However, the tribunal said anti-dumping duties will continue on hot-rolled steel plate from China.

Under international trade rules, dumping occurs when products are exported or sold in another country at prices below their cost in the producer's home market.

Hot-rolled carbon steel is used in making such things as rail cars, fuel storage tanks, construction machinery, agricultural equipment, bridges, industrial buildings, high-rise office towers, automobiles and truck parts and ships.

The dumping duties were imposed after Hamilton-based Stelco, backed by other Canadian producers, brought a complaint in 1997 against the three countries mentioned in the latest ruling as well as Mexico and Poland. | Business |

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