Canada confirms bar dumping

Canada confirms bar dumping

OTTAWA (Dow Jones): The Canada Customs and Revenue Agency confirmed that certain concrete reinforcing bar products from Indonesia, Japan, Latvia, Moldova, Poland, Taiwan and Ukraine were dumped into Canada at an average of 30 percent below normal price levels.

In a news release, the agency said this reaffirms a preliminary decision made on Feb. 1, that to eliminate the dumping, duties ranging from 25 percent to 42 percent will continue to be imposed on imports from the seven countries until the Canadian International Trade Tribunal concludes its inquiry.

The agency said it started an investigation in November after receiving a complaint from Hamilton, Ont.-based Stelco Inc.. The company claimed that the dumping of concrete reinforcing bar products was harming Canadian industry.