The Canada Border Services Agency (CBSA) announced that it is launching an investigation to determine whether certain wire rod from China, Egypt, and Vietnam are being sold at unfair prices in Canada.

A press release said that the investigation stems from a complaint filed with the CBSA by Ivaco Rolling Mills 2004 LP (Ivaco). It alleges that it has suffered from an increased volume of dumped imports from China, Egypt and Vietnam that has resulted in lost market share, lost sales, price undercutting, price depression, price suppression and a negative impact on employment, capacity utilization and financial performance.

The CBSA and the Canadian International Trade Tribunal (CITT) both play a role in the investigation. The CITT will begin a preliminary inquiry to determine whether the imports are harming Canadian producers and will issue a decision by May 7, 2024. The CBSA will also investigate whether the imports are being sold in Canada at unfair prices and will make a preliminary decision by June 6, 2024. The Canadian market for wire rod has been estimated to be approximately $194 million annually.