The Canada Border Services Agency (CBSA) announced that it is launching an investigation to determine whether certain wire rod from China, Egypt, and Vietnam are being sold at unfair prices in Canada.
The investigation is a result of a complaint filed with the CBSA by a producer in Ontario. The complainant alleges that as a result of an increase in volume of the dumped imports from China, Egypt, and Vietnam, they have suffered material injury in the form of lost market share, lost sales, price undercutting, price depression, price suppression, as well as a negative impact on employment, capacity utilization, and financial performance.
In the next step of the investigation the Canadian International Trade Tribunal (CITT) will determine, by May 7, 2024, whether the imports are harming Canadian producers.
Concurrently, the CBSA will investigate whether the imports are being sold in Canada at unfair prices, and will make a preliminary decision by June 6, 2024.
Anti-dumping duties could eventually be applied to the goods under investigation.
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