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Canada Keeps Close Eye on Steel Imports

Canada Keeps Close Eye on Steel Imports

Canada has made further moves to help safeguard the Canadian steel industry and ensure that imports do not increase beyond historical levels.

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Canada has made further moves to help safeguard the Canadian steel industry and ensure that imports do not increase beyond historical levels. Finance recently announced amendments to allow the Canada Border Services Agency (CBSA) to address price distortions when calculating margins of dumping along with new policy changes to help monitor anti-dumping levels. These measures are in addition to recent changes that allow Canada to re-impose surtaxes on steel imports if required, which followed announcements by Canada and the United States that they would eliminate their respective trade tariffs on steel and aluminum, effective May 20, 2019.

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