OTTAWA, August 5, 1998...Revenue Canada announced
today the Department's final determination of dumping
of stainless steel round bar imported into Canada
from nine countries. Today's decision follows a preliminary
decision Revenue Canada made on May 7, 1998. Since
then, the Department has been collecting provisional
duties on imported stainless steel round bar from
the named countries.
Revenue Canada started an investigation on December
23, 1997, after receiving a complaint from Atlas
Steels Inc. of Welland, Ontario. The corporation
claimed that dumping of imported stainless steel
round bar from the Federal Republic of Germany,
France, Italy, Japan, Spain, Sweden, Taiwan, and
the United Kingdom was harming Canadian industry.
A second investigation was initiated on March 6,
1998, on the same goods from India. The two investigations
were combined on May 7, 1998. The final results
of the investigation confirmed that certain stainless
steel round bar was dumped into Canada by an average
of 48.1 percent below normal price levels.
Stainless steel round bar is used in a variety
of applications where resistance to corrosion and/or
heat is required. Industries that use stainless
steel round bar include pulp and paper, power generation,
petro-chemical, oil and gas, valves and fittings,
automotive, and transportation.
Dumping occurs when goods are sold to importers
in Canada at prices that are less than their selling
price in the exporter's domestic market, or at unprofitable
prices.
On August 4, 1998, the Canadian International Trade
Tribunal began public hearings in Ottawa to determine
if the dumped imports hurt Canadian production.
The Tribunal's decision is expected by September
4, 1998. If the Tribunal finds that the dumping
is causing injury, imports will remain subject to
anti-dumping duties.
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