Canada’s border authorities said they have imposed up to 107.2 percent provisional duties on South Korean steel products in a preliminary ruling that could deal a blow to South Korean companies. (Image: Yonhap)
SEOUL, Sept. 13 (Korea Bizwire) — Canada’s border authorities said they have imposed up to 107.2 percent provisional duties on South Korean steel products in a preliminary ruling that could deal a blow to South Korean companies.
The Canada Border Services Agency said on its website checked here Tuesday that it “made a preliminary determination” on Sept. 6, on dumping with respect to certain carbon and alloy steel line pipe originating in or exported from South Korea.
The agency — which is authorized to protect the Canadian industry from injury caused by the dumping and subsidizing of imported goods — said provisional duties on South Korean steelmakers range from 4.7 percent to 107.2 percent. Hyundai Corporation is subject to pay 52.4 percent provisional duties, though the agency did not identify which exporters face 107.2 percent provisional duties.
In June, the Canada Border Services Agency initiated an investigation into the alleged injurious dumping of certain carbon and alloy steel line pipe originating in or exported from South Korea following a complaint filed by multiple Canadian steel mills.
Canada is set to announce the final results of its probe on Dec. 5.
(Yonhap)
