The Canada Border Services Agency (CBSA) said Friday it had initiated a dumping inquiry into steel imports from Vietnam, following allegations by a Canadian firm of price undercutting against the Southeast Asian nation and several other countries.
The agency will determine whether Vietnam’s carbon steel welded pipe, commonly known as standard pipe from 12.7 mm to 168.3 mm in outside diameter, is being sold at unfair prices.
The move came in the wake of a complaint filed by Novamerican Steel Inc. of Montreal, Quebec, which claimed that Canadian steel industry is being harmed with declining sales, dented profits and diminishing production, due to unfair pricing of certain carbon steel welded pipe from Pakistan, the Philippines, Turkey and Vietnam.
The investigation is being concurrently conducted by the CBSA and Canadian International Trade Tribunal, which operates in Canada’s trade remedy system and reports to parliament.
The tribunal will announce the probe’s results by September 18, while the agency is expected issue its decision for the case on October 18.
Canada has put in place 101 special measures for imported industrial and consumer products to safeguard its economy and employment.
In 2017, the northern American country’s steel industry provided jobs to over 23,000 Canadians and contributed $4.2 billion to its gross domestic product.