Latest anti-dumping decisions support local steel industry

IN A MAJOR WIN win for local steel makers the Australian Government will today implement anti-circumvention measures against foreign steel importers who have been avoiding anti-dumping duties by slightly modifying their products.

Making the announcement today of duties payable in excess of $4 million, Minister for Industry, Innovation and Science Christopher Pyne said the decisions would prevent certain steel exporters in China, Taiwan and Malaysia making minor changes to their products to circumvent existing anti-dumping measures.

“Australian steelmakers need to be able to benefit from free and fair trade,” Mr Pyne said.

“When foreign suppliers try to get around Australian anti-dumping duties, in this case by substituting selected steel products with alloyed for unalloyed steel, this Government is committed to action.

“We are a world leader in fighting the avoidance, or circumvention, of anti-dumping measures.

“The Australian Government will continue to work to give Australia’s Anti-Dumping Commissioner the power and capabilities he needs to ensure that local producers are not injured by unfair competition.”

Assistant Minister for Science Karen Andrews was proud to be part of Australia’s effective and equitable anti-dumping process.

“Our system is fair and transparent in providing support for Australian manufacturers.”

Across the two types of goods, the duties for alloyed galvanised steel will range from 2.6% to 62.9% and for alloyed Hollow Structural Sections from 3% to 57.1%.

Information on the decisions can be found at http://www.adcommission.gov.au/Pages/default.aspx

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