Anti-dumping Duty From Canada
The Canada Border Services Agency (CBSA) decided to impose anti-dumping duties of 4.1% to 88.1% on carbon and alloy steel pipes imported from South Korea, according to the industry source on December 10. The tariffs are effective until 2022 and the rates can be adjusted once a year during the period. The implementation of the tariffs is initiated 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 mostly used as pipes in various drainage facilities, gas pipes, and pipes in petrochemical plants. These days, Canada is importing an increasing amount of carbon and alloy steel pipes for infrastructure expansion. For the first 10 months of this year, Canada imported carbon and alloy steel pipes worth US$234.52 million in total, up 27.9% from a year earlier, and South Korean products accounted for 20.1% of the total imports.
In spite of the increase in local demand for the item, the South Korean companies’ export of the item 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 this year and the companies’ exports have declined since that month.