MONTREAL (Scrap Monster): The Canadian International Trade Tribunal has initiated a preliminary investigation into dumping of concrete reinforcing bars by China, Turkey and Korea. The inquiry is on the back of a complaint lodged by Alta Steel Inc of Edmonton, Arcelor Mittal of Contrecoeur and Gerdau Longsteel North America of Whitby. In the petition, the companies pointed out that dumping and subsidizing of rebars from the three countries have injured their domestic business.
The Tribunal has two months before it to determine whether there is any reasonable indication to conclude that the dumping and subsidizing of reinforcing bars has affected the domestic industry. The Tribunal is slated to come out with the preliminary findings on August 12th.
If the Tribunal's findings are positive, the Canada Border Services Agency (CBSA) will carry on its investigations. The CBSA will have one month to continue its investigations. A preliminary determination is expected on September 11th.
If these preliminary determinations indicate that there has been dumping and subsidizing rebar imports from the countries, the CBSA will continue its investigations. Further, the Trade Tribunal will initiate a final inquiry. The imposition of anti-dumping and countervailing duties will take place only if the Tribunal finds that the rebar imports injured or threatened to injure Canadian producers.