Essar Steel Algoma announced today that in late January, the company appealed to the Federal Court of Appeal to overturn the January 6, 2016 decision of the Canadian International Trade Tribunal (CITT) regarding dumped and subsidized hot-rolled carbon steel
plate and high-strength low-alloy steel
plate imports from India and Russia. In their ruling, the CITT found that said imports have not caused injury and are not threatening to cause injury to
Canada's domestic steel industry.
The CITT ruling followed the December 2015 the
Canada Border Services Agency (CBSA) finding that imports from India and Russia had been dumped into
Canada at margins as high as 98 percent. The CBSA also found that Indian imports had received significant government subsidization. Notwithstanding the CBSA's findings of significant dumping and subsidization, the CITT's decision means that these same imports are exempt from dumping or countervailing duties.
Essar Steel Algoma believes that the CITT made several fundamental errors of law and it is asking that the Federal Court of Appeal reverse the CITT's decision. If the appeal is successful, dumping and countervailing duties will be imposed on imports of steel
plate from India and Russia, for an initial period of five years. These duties could be applied retroactively to imports entering
Canada as of January 6, 2016.