The Canada Border Services Agency (CBSA) has issued its final conclusion on the investigation into applying anti-dumping measures for steel wire originating or exported from China, Egypt, and Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).

Accordingly, the dumping margin of Vietnamese enterprises was at 17.7% for Hoa Phat Dung Quat Steel Joint Stock Company and at 13.5% for Hoa Phat Hai Duong Steel Company.

Meanwhile, the dumping margin for China’s Jiangsu Shagang International Trade Co.Ltd stood at 34%, whilst for other exporters the figure was at 46.2%.

Furthermore, Egypt’s Suez Steel Co., Ltd. was subject to a dumping margin of 8.6% and other exporters at 21.3%.

The Canadian International Trade Tribunal (CITT) is currently determining the damage to the domestic industry and is expected to issue a decision on October 4.

This comes after the CBSA initiating an investigation on March 8 into anti-dumping measures on wire rod originating or exported from China, Egypt, and Vietnam. The Canadian agency issued a preliminary conclusion relating to the investigation into the case on June 6.

Accordingly, the temporary anti-dumping duty rate for Vietnamese steel companies is now up from 6.1% to 38.9%, compared to Chinese enterprises at 50.9% to 71.1%, and Egyptian firms of 49.7% to 99.8%.

Source: VOV