Canada Launching New Reporting Requirement for Steel Imports in November
Canadian steel importers soon will need to report “country of melt and pour” information to the Canada Border Services Agency when filling out their customs declarations, Canada announced Feb. 21. The new requirement, part of the country's steel import monitoring program, takes effect Nov. 5, although importers have the option of reporting that information now. “This process will ensure Canada is working with the steel industry to support an effective and smooth transition to mandatory reporting in fall 2024,” Canada said.
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The country hopes the increased data collection brings “more reliability and resiliency to the North American steel supply chain, said Mary Ng, Canada’s minister of export promotion, international trade and economic development. Global Affairs Canada plans to analyze the data and publish reports on steel import trends. The agency noted that the U.S. is the only other country that collects country of melt and pour information for steel imports.