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Canada Considers Import Safeguards on Steel Products

In a further effort to prevent the diversion into Canada of foreign steel products that may have difficulty entering the U.S. market in the wake of the Trump administration’s additional 25 percent import duty, Canada is considering the imposition of safeguard measures on imports of the following steel products: steel plate, concrete reinforcing bar, energy tubular products, hot-rolled sheet, pre-painted steel, stainless steel wire and wire rod. Canada’s Department of Finance is accepting comments on this matter until 29 August and additional products may be considered for safeguard action.

Canada has also taken other measures to address the potential transshipment or diversion of steel products, including initiating investigations to prevent the evasion of existing trade remedy measures, allowing greater flexibility in determining whether prices charged in the exporter’s domestic market (which are used for comparison) are reliable or distorted, and giving unions standing to participate in trade remedy proceedings.

Content provided by Picture: HKTDC Research
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