The Canada wire rod dumping investigation focuses on whether certain wire rod imports from China, Egypt, and Vietnam enter the Canadian market at unfair prices. Authorities aim to determine if these imports distort competition and harm Canadian producers.
The Canada Border Services Agency (CBSA) opened the case after Ivaco Rolling Mills 2004 LP (Ivaco) filed a formal complaint. Ivaco reports rising volumes of dumped imports from the three countries, along with lost market share, lost sales, price undercutting, price depression, price suppression, and negative impacts on employment, capacity utilization, and financial performance.
The CBSA and the Canadian International Trade Tribunal (CITT) share responsibility for the Canada wire rod dumping investigation. The CITT will first conduct a preliminary inquiry to decide whether the allegedly dumped imports injure Canadian producers and plans to issue this initial decision by May 7, 2024.
At the same time, the CBSA will investigate whether exporters from China, Egypt, and Vietnam sell wire rod in Canada at unfair prices. The agency expects to issue a preliminary determination by June 6, 2024. The Canadian wire rod market is worth roughly $194 million per year, so the investigation could significantly affect both domestic producers and importers.