CBSA investigates alleged dumping of wire rod products from Egypt

The Canadian Border Services Agency (CBSA) has initiated an investigation into the alleged dumping of certain wire rod products from Egypt. Specifically, the focus is on Suez Steel Company. The investigation aims to determine whether Suez Steel has been selling wire rod products in Canada at prices lower than their fair market value. Presently, the Canadian agency continues its investigations with a final determination anticipated to be announced on September 4, 2024.

Provisional dumping margins have been assigned to various companies involved in similar investigations. For instance, Suez Steel Co. faces a provisional dumping margin of 49.7%. Comparative data for other companies from China and Vietnam is also being examined. This development could have significant implications for trade relations between the countries involved.