The Canada Border Services Agency (CBSA) announced today that it is initiating investigations into the alleged injurious dumping and subsidizing of certain oil country tubular goods originating in or exported from the People’s Republic of China.
The investigations follow a complaint filed by Tenaris Canada of Calgary, Alberta; Evraz Inc. NA Canada of Regina, Saskatchewan; and Lakeside Steel Corporation of Welland, Ontario. The complainants allege that the dumping and subsidizing of these goods are harming Canadian production by causing the following: lost sales, price erosion, price suppression, lost revenues, reduced gross margins, reduced profitability, loss of market share, loss of employment, reduced returns on investment and underutilization of capacity. […]
The Canadian International Trade Tribunal will now begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by October 23, 2009. While the Tribunal is examining the question of injury, the CBSA will investigate whether the imports are being dumped and/or subsidized, and will make a decision by November 23, 2009. Read more here.