Tribunal Issues Determination of Reasonable Indication of Injury—Corrosion-resistant Steel Sheet from Türkiye by Borçelik Çelik Sanayi Ticaret A.Ş.
Date: 2025-02-03 21:05 Source: Canada All National News
Article:
The Canadian International Trade Tribunal (CITT) has issued a determination of reasonable indication of injury (RII) concerning corrosion-resistant steel sheet originating in or exported from Türkiye by Borçelik Çelik Sanayi Ticaret A.Ş. (Borçelik).
The investigation was initiated on November 29, 2024, following a complaint filed by ArcelorMittal Dofasco G.P. (ArcelorMittal), a Canadian producer of corrosion-resistant steel sheet. The complaint alleged that the dumped and subsidized imports of corrosion-resistant steel sheet from Türkiye have caused material injury to the domestic industry.
The CITT’s investigation covered the period from January 1, 2023, to September 30, 2024. The Tribunal examined factors such as volume, prices, market share, and profitability to determine whether there was a reasonable indication of injury.
The CITT’s determination is based on evidence that the imports under investigation have increased in volume and market share, while prices have declined. The Tribunal also found that the domestic industry has experienced a decline in profitability and capacity utilization.
Implications:
The CITT’s determination of RII triggers a provisional safeguard measure on imports of corrosion-resistant steel sheet from Türkiye by Borçelik. The measure imposes provisional duties of 10.5% on the subject imports.
The provisional duties will remain in place until the CITT makes a final determination of injury. The Tribunal will continue its investigation and is expected to issue a final determination by August 2025.
If the CITT finds that imports from Türkiye by Borçelik have caused material injury to the domestic industry, it may recommend that the Canadian government impose definitive anti-dumping and countervailing duties on the subject imports.
The Canadian government will consider the CITT’s recommendations and make a final decision on the imposition of definitive duties.
Industry Reaction:
ArcelorMittal welcomed the CITT’s determination of RII. The company stated that the provisional duties will provide some relief to the domestic industry, which has been facing significant challenges due to the dumped and subsidized imports from Türkiye.
However, some importers have expressed concern about the impact of the provisional duties on their businesses. They argue that the duties will increase the cost of steel products for consumers and businesses.
Conclusion:
The CITT’s determination of RII is a significant development in the investigation into corrosion-resistant steel sheet imports from Türkiye by Borçelik. The provisional duties imposed by the Tribunal will provide some protection to the domestic industry while the CITT continues its investigation. The final outcome of the investigation will have a significant impact on the Canadian market for corrosion-resistant steel sheet.
Tribunal Issues Determination of Reasonable Indication of Injury—C orrosion-resistant Steel Sheet from Türkiye by Borçelik Çelik Sanayi Ticaret A.Ş.
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