Monthly Archives: March 2016

Jindal Steel and Power secures no injury finding in Canadian Plate Inquiry

The CITT decision in Plate 8 has not been posted yet on the Canadian International Trade Tribunal’s website so here it is (Finding and Reasons). No injury decisions on major steel cases in Canada are rare. The last was cold-rolled in 2001. I recall it well as 9-11 occurred mid-hearing and one of my witnesses from Brazil was not at all interested in leaving his hotel.

The Tribunal’s reasoning is quite illuminating and WTO-sensitive. And given the economic downturn and the fact that the complainant Essar Algoma was in its second round of seeking creditor protection in less than 15 months, the Tribunal properly applied the WTO requirements that injury from non-dumping and non-subsidizing factors should not be attributed to imported goods.

Very refreshing as the U.S. tightens its system – an important concern for softwood lumber exporters – and announces inquiries into how to reinforce import regimes for steel and aluminum products.

Importers and exporters to Canada should understand that one case does not establish a trend. The CITT just completed its public hearings on small diameter land pipe and at least three more steel complaints are in the works. Win or lose (and file for judicial review), the process insulates the market for two years to 5 or more – usually with an excellent risk reward ratio.

Sun Sentinel Endorsement – None of the above

The Florida Sun Sentinel has refused to endorse any of the GOP candidates.

Their reasons seem sound. Marco Rubio should fare better in his home state but seems to be paying for trashing former Governor Jeb Bush, the Sentinel’s early choice.

The condemnations of Rubio – gets elected and doesn’t go to work – yesterday’s views on issues important to Floridians. Elected to the senate and started running for president. Reminds one of a Chatty Cathy doll.

Many Floridians would find Cruz scary, Cruz doesn’t understand military bombing technique. The evangelical card does not play well in Florida. John Kasich’s campaign is uninspiring. Too little too late.

The Donald attracted the usual complaints and condemnation but his appeal is not dead. Like Senator Bernie Sanders, he has tapped into anger and dissatisfaction driven by growing inequality. The elites ignore this at their peril.

I am in Canada so am missing the bombardment of negative attack ads in Florida. Beating up on Trump seems to solidify his support.

Will voters Trump has attracted stay with the process if he does not or cannot? Would Sanders Blue collar supporters migrate to Trump?

Michigan should set the tone for March 15.