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WASHINGTON \u2014 The U.S. Department of Justice says two Canadian steel companies have agreed to pay $19 million to resolve allegations they knowingly failed to pay proper duties on flat-rolled steel manufactured in Europe and Asia.<\/p>\n
The department says in a news release that from May 2019 through January 2025, Farjess Inc. and Royal Canadian Steel Inc., along with part-owner and president Feroz Jessani, misrepresented the country of origin of steel as Canadian and American.<\/p>\n
The department says the companies knew the steel was from China, Indonesia, Italy, Turkey or Vietnam.<\/p>\n
For much of that time period, steel imports compliant with the Canada-U.S.-Mexico Agreement on trade didn\u2019t face duties.<\/p>\n
U.S. President Donald Trump imposed 25 per cent tariffs on steel imports in February 2025, and later increased the duty to 50 per cent.<\/p>\n
U.S. Assistant Attorney General Brett A. Shumate says the U.S. Justice Department will \u201czealously pursue anyone who fraudulently evades the duties owed on steel products imported into this country.\u201d<\/p>\n
\u00a92026 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n