Canada issues final conclusion on anti-dumping probe into Vietnamese steel wire

Accordingly, the dumping margin of Vietnamese enterprises was at 17.7% for Hoa Phat Dung Quat Steel Joint Stock Company and at 13.5% for Hoa Phat Hai Duong Steel Company.

Meanwhile, the dumping margin for China’s Jiangsu Shagang International Trade Co.Ltd stood at 34%, whilst for other exporters the figure was at 46.2%.

Furthermore, Egypt’s Suez Steel Co., Ltd. was subject to a dumping margin of 8.6% and other exporters at 21.3%.

The Canadian International Trade Tribunal (CITT) is currently determining the damage to the domestic industry and is expected to issue a decision on October 4.

This comes after the CBSA initiating an investigation on March 8 into anti-dumping measures on wire rod originating or exported from China, Egypt, and Vietnam. The Canadian agency issued a preliminary conclusion relating to the investigation into the case on June 6.

Accordingly, the temporary anti-dumping duty rate for Vietnamese steel companies is now up from 6.1% to 38.9%, compared to Chinese enterprises at 50.9% to 71.1%, and Egyptian firms of 49.7% to 99.8%.