EVRAZ welcomes investigation into OCTG dumping

As a participant in a complaint recently filed by Canadian Oil Country Tubular Goods (OCTG) producers, EVRAZ North America welcomes the recent announcement by the Canadian Border Services Agency (CBSA) that it has initiated its investigation.

The complaint alleges dumping and subsidisation of certain OCTG imports from India, South Korea, the Philippines, Indonesia, Thailand, Turkey, Ukraine and Vietnam, and dumping from Chinese Taipei (Taiwan).

"EVRAZ has been detrimentally impacted by the unfair trade practices of these countries," said Conrad Winkler, President and CEO of EVRAZ North America. "We are eager to compete with OCTG manufacturers around the globe based on product quality and actual economics rather than foreign government subsidies and foreign manufacturers’ dumping practices."

The Organisation for Economic Co-operation and Development (OECD) and the steel industry have estimated there were nearly 600 million net tonnes of steel overcapacity globally in 2012, largely the result of foreign government trade-distorting policies and practices. “The steel industry will continue to closely monitor the level of imports for any surges, in order to ensure that duties are applied retroactively to the initiation date of CBSA’s investigation if warranted,” stated Winkler.

The Canadian steel industry has invested billions of dollars to create new and innovative steel products for growing domestic oil and gas markets. "As a major producer of OCTG with a long history in Canada, EVRAZ would like to continue investing and supporting economic development through the creation of more good, well-paying jobs for Canadians,” Winkler added. "However, unfairly traded and subsidised imports are currently making it extremely challenging to do so. We look forward to a thorough investigation from the Canadian government and we trust in their ability to enforce existing trade laws."

EVRAZ currently employs over 2300 people in Canada across recycling, steelmaking, and pipe making operations.

Edited from source by Elizabeth Corner

Read the article online at: https://www.worldpipelines.com/business-news/22072014/evraz-welcomes-investigation-into-octg-dumping/