The Canadian Steel Producers Association welcomes the announcement that Canada will require all steel imports into the country to report where the raw steel was first produced, known as country of melt and pour.
Beginning November 5th, 2024, steel importers will be required to report this information to the Canada Border Services Agency when completing their customs declarations under Canada’s Steel Import Monitoring Program.
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 requirement 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 the trade monitoring system with the country’s major trading partner, the United States and support efforts to prioritize the use of cleaner steels throughout North American supply chains. The trade remedies system will benefit from this enhancement of data collection.
Moving forward, it will be critical to Canada, and major partners, that the information collected via this new tool is regularly and consistently reported on publicly, according to the association.
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.
Currently, the United States is the only other country in the world that collects country of melt and pour information for steel imports.