L'ORIGNAL, Ontario, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Ivaco Rolling Mills, a leading Canadian steel wire rod producer, welcomes the Canadian International Trade Tribunal (CITT)'s recent finding that the dumping of certain wire rod originating in or exported from the People's Republic of China, the Arab Republic of Egypt and the Socialist Republic of Vietnam has caused injury to the domestic industry. As a result of the finding, duties imposed by the Canada Border Services Agency (CBSA) in their final determination issued on September 4, 2024, will remain in place.

The case was filed in response to concerns regarding potential unfair trade practices, specifically the dumping of these products into the Canadian market at prices below their fair market value.