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  • Shaanxi Tonghui Steel Co., Ltd.

  • E-mail: sxthsteel@sxth-group.com

  • Tel: +86-29-89636557

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  • Canada Intends To Impose Import Restrictions On 7 Kinds Of Steel Products
    Aug 29, 2018

    On August 14, local time, the Canadian government said that in order to protect Canadian domestic steel producers from the impact of cheap imports of steel products, is currently considering urgent protection measures to impose quota restrictions or tariffs on seven types of steel.

    It is understood that these seven types of steel including stainless steel plates, stainless steel bars, stainless steel pipes, hot-rolled steel plates, pre-coated steel plates, stainless steel wire and rope.

    Bill Mono, Canada's finance minister, said the Canadian government will start a 15-day public consultation on August 14, local time, before deciding whether to implement temporary trade safeguards applicable to all Canadian trading partners.

    Under the Canadian Customs Act, the authorities have the right to initiate emergency protective measures under special circumstances, i.e. to impose additional tariffs or import quotas before conducting relevant investigations, in compliance with international trade rules.

    Bill Mono said large quantities of steel products could flood into the Canadian market as the United States shuts out foreign steel products with high tariffs. He also pointed out that the proposed protection measures are not specific to specific countries, but to specific product categories, aimed at ensuring the stability of the local steel market.

    It is learnt that the Canadian government has never used the terms of emergency protection measures before.

    On the same day, James Gordon Carr, Canada's Minister of International Trade for Diversity, announced a two-and-a-half-month public consultation on agreements to promote and protect foreign investment. (Wu Xiang)

    (Published in the 2 edition of China Metallurgical daily August 24, 2018).