Canada investigates anti-dumping on Vietnamese steel

Canada initiated an anti-dumping investigation into carbon steel and alloy steel wire imported from Vietnam.

The Canada Border Services Agency (CBSA) has just initiated an anti-dumping investigation into certain carbon steel and alloy steel wire products imported from a number of countries, including Vietnam. The plaintiff is Sivaco Wire Group - a leading steel wire manufacturer in Canada, established in 1949.

The CBSA will issue a statement of reasons within 15 days (expected 7 May) to provide further details of the investigation. Within 90 days, the agency will issue a preliminary conclusion (expected 21 July) and may impose provisional duties during this time.

Based on data from Trademap, Vietnam's export turnover in the 2021-2023 period reached 1.6 million USD, 543,000 USD and 860,000 USD, respectively.

In addition, the Canadian International Trade Tribunal will investigate the injury to Canadian industry and make a preliminary finding within 60 days (expected on June 21). If they conclude there is no injury under the law, the investigation will be terminated.

The CBSA has sent a request for information to Vietnamese exporters to collect data for the investigation. Accordingly, the enterprises receiving the request provide detailed information on sales, costs and price structures related to shipments exported to Canada in 2024. At the same time, the CBSA also requested data on domestic sales activities and costs for similar goods in the same period.

The Department of Trade Defense ( Ministry of Industry and Trade ) recommends that enterprises producing and exporting related products closely monitor the next developments of the case, proactively research and grasp the regulations, procedures and processes of Canada's anti-dumping investigation and determine appropriate counter-suit strategies.

Businesses are also required to provide full information and cooperate fully with the Canadian Investigation Agency throughout the course of the case. According to the Ministry of Industry and Trade, any act of non-cooperation or incomplete cooperation may result in Canada using available evidence against the business or applying the highest alleged tax rate.

Source: https://baoquangninh.vn/canada-dieu-tra-chong-ban-pha-gia-voi-thep-viet-nam-3355374.html