Lakeside Steel welcomes imposition of duties against China

Lakeside Steel Inc. welcomes the Canadian International Trade Tribunal's (CITT) determination that Chinese imports of welded oil and gas well casing, and seamless and welded oil and gas well tubing have caused injury to Canadian producers. As a result of this determination, anti-dumping duties of up to 166.9% and countervailing duties of up to RMB4070 (US$595) per metric tonne will to be applied to imports from China for an initial five year period. The determination is the result of investigations that were initiated by a complaint filed jointly by Lakeside Steel and the other Canadian producers of oil and gas well casing and tubing. "Lakeside Steel is committed to ensuring imports into the Canadian market are fairly traded and this decision will help to provide a level playing field. A significant portion of Lakeside's revenue is generated in the oil country tubular goods sector," said Ron Bedard, Lakeside Steel's president, COO.trail Archives