PLANT

Steel wire from China, Israel and Spain not causing harm

Canadian International Trade Tribunal says no to countervailing duties.


OTTAWA — The Canadian International Trade Tribunal (CITT) has found that the dumping and subsidizing of galvanized steel wire from China, Israel and Spain has not harmed the domestic industry and therefore should not be subject to countervailing duties.

The ruling follows a probe launched in January by the Canada Border Services Agency.

The investigation was initiated after BC-based Tree Island Steel Ltd filed a complaint.

CBSA launches investigations into imported galvanized steel wire

Tree Island Steel claimed the alleged dumping was causing loss of market share, price erosion and jobs losses in Canada among other things.

CITT is an independent, quasi-judicial body that hears cases on dumped and subsidized imports along with appeals on customs and excise tax rulings.

It can also be asked by the federal government to provide advice on other economic, trade and tariff matters.

© 2013 The Canadian Press