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The Canada Border Services Agency (CBSA) has decided to impose anti-dumping duties of 4.1% to 88.1% on carbon and alloy steel pipe imported from South Korea, according to the source. industry on December 10. Rates are in effect until 2022 and rates may be adjusted once a year during the period. The implementation of tariffs began on January 4, 2018.
Specifically, Husteel’s products are subject to a tariff of 4.1%. It is 47.8% for those of Hyundai Steel, 27.5% for those of Seah Steel, and 12.9% for those of Nexteel.
Carbon and alloy steel pipes are mainly used as pipes in various drainage facilities, gas pipes and pipes in petrochemical plants. These days, Canada imports an increasing amount of carbon steel and alloy pipe for infrastructure expansion. For the first 10 months of this year, Canada imported carbon steel and alloy steel pipe for a total value of US $ 234.52 million, up 27.9% from the previous year , and South Korean products accounted for 20.1% of total imports.
Despite the increase in local demand for the item, the export of the item by South Korean companies to Canada is likely to be negatively affected by the anti-dumping duties. Canada has applied preliminary anti-dumping duties to the item since September of this year, and company exports have declined since that month.
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