Canada investigates dumping of Chinese-made steel fasteners
The Canadian government has started an investigation into the alleged dumping and subsidizing of certain carbon steel and stainless steel fasteners from China and Taiwan.
The government is acting on a complaint filed by Toronto-based fastener maker Leland Industries. The company claims the Chinese fastener imports are priced well below the cost of domestic manufacturing and sales. The Special Import Measures Act protects Canadian producers from the damaging effects of dumping and other unfair trade practices.
The Canadian International Trade Tribunal will begin a preliminary inquiry into whether the imports are harming the Canadian producers and will issue a decision within 60 days. The Canada Border Services Agency will similarly investigate whether imports are being dumped or subsidized, and will make a decision within 90 days.
If there is a large increase in harmful imports and the tribunal decides that retroactive application of antidumping and countervailing duties are justified, duty could be levied on the fastener imports as of April 28, the Canadian government said.