Canada has introduced protective duties in respect of Russian and Indian steel plates

​The Canada Border Services Agency — CBSA has introduced a duty for the import of hot-rolled steel plates and steel plates out of high –resistant low-alloyed steel from Russia and India.

A 98.1% duty is set for both countries. Meanwhile the duty for Severstal is 15.3%.

It was found out during the investigation that the Indian producers, unlike Russian, were issued subsidies.

Severstal said that it would try to reduce the protective duty. The company will try to get the antidumping duty for steel plates to be reduced as it considers it to be very high. The stake of supplies of these products from Russia makes up 3% of its total import to Canada and 1% of the visible consumption and they fully meet the rules of the international trading and are held at market prices, the representative of the metallurgical company said.

The antidumping investigation started on June 10th 2015 by the claim of Essar Steel Algoma. In September CBSA announced of the introduction of a 18.9% preliminary compensation duty for the products of the Russian companies.