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International Trade committee We haven't yet. We've just started analyzing the drawback. There is one HS code that we pay duty under, which was not included on the amendment A and our amendments 1 and 2, so we'll be going back.
October 16th, 2018Committee meeting
Eric Humphrey
International Trade committee We absorb that cost.
October 16th, 2018Committee meeting
Eric Humphrey
International Trade committee We submitted our first duty drawback in the middle of August for imports from the month of July and the beginning of August. We have not received any payment yet.
October 16th, 2018Committee meeting
Eric Humphrey
International Trade committee For Boart Longyear, we understand that the benefit is for employees who are displaced, so it's not a benefit that flows through our company. It's a service provided to those employees once they are displaced. That's how we understand it, and if we let people go, we communicate th
October 16th, 2018Committee meeting
Eric Humphrey
International Trade committee We've already adjusted production. We went from three shifts to two shifts, and we're moving down to one shift and scheduling idle weeks.
October 16th, 2018Committee meeting
Eric Humphrey
International Trade committee Compared to our competitors, our product is a premium product. We try to differentiate ourselves based on the technology and the capability of our products. But the level of raw material increases and tariff impacts that we've tried to pass on to our customers has not been accept
October 16th, 2018Committee meeting
Eric Humphrey
International Trade committee North Bay is the plant that is most greatly impacted, both by the U.S. steel tariffs that have driven the market prices in North America, as well as by the Canadian import tariff on steel from the U.S. In this plant, we manufacture 90% of the coring rod that we produce globally.
October 16th, 2018Committee meeting
Eric Humphrey
International Trade committee All right. I'm going to consolidate, then. The steel we purchase comes from the United States. It's in a hot roll form. It is then transformed by our steel tube suppliers. We have one supplier that does this in the United States, and one supplier that does this in Canada. Both o
October 16th, 2018Committee meeting
Eric Humphrey
International Trade committee We will be speaking to a handout that you have in front of you.
October 16th, 2018Committee meeting
Eric Humphrey