Final decision of CBSA on SS wire imported from four countries

Thursday, 15 July 2004 15:34:00 (GMT+3)   |  
       

Final decision of CBSA on SS wire imported from four countries

Canada Customs and Revenue Agency (CCRA), on November 21, 2003 initiated an investigation into the alleged injurious dumping of certain stainless steel wire imported from Korea, Switzerland, US and India. The period of investigation is October 1, 2002 through September 30, 2003. The product under the investigation is cold drawn and annealed stainless steel round wire up to and including 7.62 mm. As previously reported by SteelOrbis, Canada Border Services Agency (CBSA) ((formerly known as Canada Customs and Revenue Agency) on April 2, 2004 published the preliminary results of the subject investigation. Accordingly, CBSA preliminarily determined to impose provisional duties on subject products imported from India, Korea, Switzerland and US. The duty for imports from Korea and Switzerland is determined as 108%, for US %100 and imports from India were subsidized by 6.2%. Upon the notification of CBSA, Canadian International Trade Tribunal (CITT) initiated an inquiry to determine whether the dumping and subsidizing of the subject merchandise have caused injury or retardation or threatening to cause injury to domestic market. As a final result of the investigation, CBSA determined that following weighted average dumping margins exist:

Country                            Margin

Korea...............................181%
Switzerland.........................181%
US..................................165%
Percentage of subsidy on subject products imported from India is 6.2%. The provisional duties will remain effective until CITT reveals the results of its inquiry, which will be published by latest July 30, 2004.

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