Beginning November 5th, 2024, companies importing into Canada will be required to report “country of melt and pour” information to the Canada Border Services Agency when completing their customs declarations under Canada’s Steel Import Monitoring Program.
As part of a phased-in approach, steel importers now have the option to begin reporting data regarding the country where raw steel was first produced. This process will ensure Canada is working with the steel industry to support an effective and smooth transition to mandatory reporting in fall 2024.
Global Affairs Canada will analyze this data and publish reports on steel import trends.
The Canadian steel industry supports the new requirement. In a statement, the Canadian Steel Producers Association said:
“As Canada’s steel industry faces significant exposure to global steel excess capacity and unfair trade practices, it is a crucial development that Canada is now requiring this disclosure as a new condition on all steel imports into the country. This fact will increase transparency and accountability in steel trade and support the domestic industry’s quest for fairer trade in Canada.
“It will also better align our trade monitoring system with our major trading partner, the United States and support efforts to prioritize the use of cleaner steels throughout North American supply chains. Our trade remedies system will benefit from this enhancement of data collection.”
The Steel Import Monitoring Program supports the timely publication of data on the type, quantity, origin and value of steel imports and is a source of preliminary information to track possible trends in real time. In 2023, more than 373,000 steel import transactions were monitored under the Program.
The Government of Canada is implementing its phased-in approach to collecting country of melt and pour information following public consultations with steel industry stakeholders in 2022. In the coming months, stakeholders will have a further opportunity to provide input on related upcoming regulatory changes.
Currently, the United States is the only other country in the world that collects country of melt and pour information for steel imports.
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