TORONTO, May 14, 2024
/CNW/ - The United States today
announced serious actions against China taking direct aim at Chinese steel
overcapacity in the name of economic security and protecting the
American steel sector and supply chains.
"As our trading partners reinforce their trade remedy system
with additional measures coupled with new tariffs and stronger
laws, it is imperative that Canada
keep pace and put in place new tools to defend against the rise in
unfairly traded steel imports from China and elsewhere," said President and CEO
of the Canadian Steel Producers Association, Catherine Cobden.
"In Canada, we continue to face
unprecedented levels of steel imports in our marketplace with
offshore imports doubling over the last 10 years. While we are the
largest user of Canada's trade
remedy system, imports continue to flood our country despite
existing anti-dumping measures, putting Canadian jobs and
investment at risk."
Canada currently has 52
steel-related trade measures on Indo-Pacific countries, with 18
specifically levied against China
and more to follow. Despite these measures, China is still the third largest importer of
steel into our domestic market with over 660,000 tonnes last year
alone.
"To address this, CSPA urges the Government of Canada to immediately consider a comparable
tariff approach and evolve our trade tools – such as retroactive
assessments on unfairly traded imports, the use of alternative
trade remedy tools such as the Particular Market Situation
methodology and adopting enhanced anti-circumvention protections-
to further align with the United
States."
About the Canadian Steel Producers
Association
The Canadian Steel Producers Association is the national voice
of Canada's primary steel and the
pipe and tube industry, dedicated to ensuring a competitive and
sustainable business environment for its members and supply chain
stakeholders. Canadian steel producers are integral to Canada's economy and a vital supplier to many
segments of North American industry, including the automotive,
energy, construction, and transportation sectors.
SOURCE Canadian Steel Producers Association