OTTAWA, May 7, 1998...Revenue Canada announced today
that it will impose provisional anti-dumping duties
on stainless steel round bar imported from nine countries.
Stainless steel round bar is used in a variety
of applications where resistance to corrosion and/or
heat is required. Industries which use stainless
steel round bar include pulp and paper, power generation,
petro-chemical, oil and gas, valves and fittings,
automotive and transportation.
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
have been combined, and the provisional duties will
apply to all of the above-mentioned countries.
The preliminary results of the combined investigation
show that these imports of stainless steel round
bar were dumped into Canada at prices ranging from
16.6% to 49.5% below normal levels.
Dumping occurs when goods are sold to importers
in Canada at prices that are less than the selling
price in the exporter's domestic market or when
the goods are sold to Canada at unprofitable prices.
The Canadian International Trade Tribunal will
now begin an inquiry into whether the dumped imports
are harming Canadian production of stainless steel
round bar. The Tribunal will make a decision within
the next 120 days. Revenue Canada is continuing
its investigation and will issue a final decision
on the dumping by August 5, 1998.
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