Canadian Steel Firms Fined $19M for Import Fraud

Two Canadian steel companies, Farjess Inc. and Royal Canadian Steel Inc., have agreed to pay a record-setting $19 million fine for misrepresenting the origin of their flat-rolled steel. The companies were falsely claiming the steel was Canadian or American-made to avoid import duties, when in fact it came from countries like China, Italy, and Vietnam. The whistleblower who exposed the fraud used a law that allows private citizens to bring cases against companies on behalf of the government. The Justice Department is cracking down on steel fraud to protect American industries and enforce tariffs on steel imports. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ea9b4cbd0f1cc90b