NEWS

<p><br/></p><p>The Canada Border Services Agency says it has initiated an investigation in alleged dumping of some steel imports from Taiwan, Germany, South Korea, Malaysia and Turkey.</p><p><br/></p><p>The investigation relates to certain hot-rolled carbon steel heavy plate and high-strength low-alloy steel heavy plate.</p><p><br/></p><p>The reasons for the investigation will be issued June 11, with a preliminary determination and potential provisional duties in force by Aug. 25 and a final determination Nov. 23.</p><p><br/></p><p>Anti-dumping duties will be applied for an initial period of five years if the Canadian International Trade Tribunal subsequently concurs that the imports injured domestic producers.</p><p><br/></p><p>Algoma Steel Inc., which filed the complaint last month, says it is pleased with the investigation because the imports were “causing injury to Canadian producers and workers.”</p><p><br/></p><p>The Sault Ste. Marie, Ont.-based company says the five countries have sold large volumes of heavy plant into Canada at very low prices.</p><p><br/></p><p>“Maintaining a strong Canadian trade defence system is especially critical in today’s volatile trading environment,” stated Algoma Steel CEO Michael McQuade in a news release.</p><p><br/></p>