1/26/2005
The Canadian government announced 5-year tariffs on certain carbon steel and stainless steel screws from Taiwan and China. The Canadian International Trade Tribunal determined that the dumping and illegal subsidization of fasteners from China and Taiwan have hurt Canada’s fastener industry. In a final ruling, CITT decided to apply anti-dumping and countervailing duties that were first implemented on a provisional basis in September. The dumping tariffs range from 1.39% to 170%. Countervailing duties on carbon steel screws from China will be 1.25 yuan (18 Canadian cents) per kilogram (2.2 pounds) of fasteners.
CITT excluded nuts and bolts from the duties, which were included in the provisional duties. The Tribunal also excluded all stainless steel fasteners from China in its final ruling.
China exported 39,241 metric tons of carbon steel screws to Canada in 2003, while Taiwan exported 132,665 metric tons of carbon steel and stainless steel screws to Canada.
In a written statement, the Canadian Fasteners Institute expressed satisfaction with the final outcome of the investigation. “The duties should result in increased prices of these imported screws in Canada and will help keep the playing field level and ensure that imports are fairly prices in the Canadian market in the future.”
The investigation was prompted by a complaint from Leland Industries Inc. of Toronto, which claimed that cheap imports from China and Taiwan had increased, flooding the market and driving down domestic prices.
“These imports had both caused and threatened to cause significant financial harm to the Canadian manufacturing industry by lowering sales & suppressing prices,” the CFI stated.
For more information, visit cbsa-asfc.gc.ca/sima or citt.gc.ca. ©2005 FastenerNews.com
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