MSTA CANADA NEWS - Finance Canada - Diversion Steel Products

On August 14th 2018, Finance Canada launched a 15-day consultation on putting in place provisional safeguards on certain steel imports to support domestic steel producers from potential dumping of product from other countries. The consultation period will close on August 29, 2018.

Provisional safeguards may take the form of a surtax that applies to all subject imports or a surtax that only applies to subject imports that exceed a specified quantity threshold (i.e., tariff-rate quota). As an example, provisional safeguards imposed by the European Union on July 19, 2018, took the form of product-specific tariff-rate quotas whereby a 25 per cent surtax is only applied once imports exceed 100 per cent of the average of volume of imports between 2015 and 2017.

Products being considered for provisional safeguards are used in a variety of applications, the most common of which include:

  • Steel plate: heavy machinery and transportation manufacturing and construction.
  • Concrete reinforcing bar ("rebar"): strengthening and preventing concrete from cracking.
  • Energy tubular products: oil and gas exploration, extraction and transmission.
  • Hot-rolled sheet: construction and automotive, agricultural product and pipe and tube manufacturing.
  • Pre-painted steel: construction, industrial packaging and appliances manufacturing.
  • Stainless steel wire: manufacturing of pins, nails, springs, filters and conveyor belts.
  • Wire rod: manufacturing of wires, springs, wire mesh, fasteners and nails, and automotive and industrial components.

More detailed information on the proposed countermeasures and the process for providing comments is available through the Finance Canada website

Comments and general inquiries should be sent to the following address: 
International Trade Policy Division (Safeguards), Department of Finance, 
James Michael Flaherty Building, 14th Floor, 90 Elgin Street, 
Ottawa, Ontario K1A 0G5, 
613-369-4024 (fax), 
fin.simaconsult-lmsiconsult.[email protected]

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