On September 4, the Canada Border Services Agency (CBSA) issued its final determination in the anti-dumping investigation concerning wire rod originating in or exported from China, Egypt, and Vietnam.
Two subsidiaries of Hoa Phat Group (HPG), Dung Quat Joint Stock Company and Hai Duong Joint Stock Company, were named in the decision with dumping margins of 17.7% and 13.5%, respectively.
Additionally, Jiangsu Shagang International Trade Co., Ltd. from China was found to have a dumping margin of 34%, while the margin for other Chinese exporters was set at 46.2%. As for Egypt, Suez Steel Co., Ltd. was determined to have a dumping margin of 8.6%, and the margin for other Egyptian exporters was 21.3%.
The Canadian International Trade Tribunal (CITT) is currently assessing the injury to the domestic industry and is expected to issue its decision on October 4, 2024.
The investigation was initiated on March 8 upon a request from Ivaco Rolling Mills 2004 LP, a hot-rolled steel coil and steel billet producer based in Ontario, Canada. CBSA released its preliminary conclusions on June 6.
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