OTTAWA (Reuters) - Canada will maintain anti-dumping duties on hot-rolled carbon steel plate from China on the grounds that cheap imports could harm Canadian firms, Ottawa said on Tuesday.
The Canadian International Trade Tribunal - which first imposed the duties in 1997 and extended them in 2003 and again in 2008 - said it had acted after carrying out a review.
“The Tribunal found that the dumping of hot-rolled carbon steel plate from China was likely to result in injury. The Canada Border Services Agency will therefore continue to impose anti-dumping duties on these products,” it said in a statement.
The tribunal is due to issue reasons for its decision on January 23.
Major steel products in China are being sold below cost following a market slump that has lasted more than four months, China’s steel industry association said last September.
Reporting by David Ljunggren; Editing by Cynthia Osterman