British media said that the Canadian International Trade Tribunal said on May 28 that it has initiated preliminary dumping investigations on steel imports from China, South Korea and Vietnam.
According to a Reuters report on May 29, the court will investigate whether the “cold-rolled carbon steel plates” from the above countries that are accused of dumping and subsidies have damaged the Canadian steel industry.
The Canadian International Trade Tribunal stated that the investigation results will be determined on July 24 and will be provided on August 8.
According to reports, the U.S. Department of Commerce last week imposed high anti-dumping and countervailing duties on imports of steel products originating in China from Vietnam.
The report also said that the current global steel industry is trapped in the issue of overcapacity, the issue has weighed on the decline in steel prices.