none
none

ASIAN STEEL MAKERS TO FACE ANTI-DUMPING INQUIRY

19-02-2016
by 
in 

As part of its campaign to stamp out the dumping of cheap goods, the Australian Government has called for a report on the impact of Asian steel makers in the Australian market.

Industry Minister Christopher Pyne said the Government strongly supports free trade and open markets, but free trade must also be fair trade.

“In recent times I have expressed my ongoing concern about the negative impact Asian steel and aluminium markets are having on Australian manufacturers,” Mr Pyne said. 

Mr Pyne has asked the Anti-Dumping Commissioner to prepare a report which will:

·       Identify trends in dumping and circumvention behaviour in Asian steel and aluminium markets

·       Identify existing dumping duties across all steel and aluminium products

·       Make recommendations on the most effective measures where there is evidence of these activities.

The report findings are expected in early April.

“Input into the reforms from stakeholders will also be critical so we’ll be out seeking feedback and ideas from Australian industry groups, manufacturers and producers over the coming months,” Mr Pyne said.  

“Trading practices like systemic dumping, circumvention and subsidies are unfair on Australian businesses.

“When they occur, Australian law provides for remedies consistent with World Trade Organization agreements.”

Mr Pyne said the first phase of the Government’s anti-dumping reforms, implemented last year, is already having an impact.

The reforms have:

·       Increased pressure on uncooperative exporters

·       Established a new investigations unit

·       Provided additional support to Australian businesses engaging with the anti-dumping system.

·       Addressed the practice of overseas businesses that avoid paying dumping duties by slightly modifying their products.

The reforms have also improved the way the Anti-Dumping Review Panel undertakes merits review of anti-dumping decisions.

The newly-established Anti-Dumping Information Service (ADIS), within the Anti-Dumping Commission, will prepare the steel and aluminium report.

Related news & editorials

  1. 15.02.2018
    15.02.2018
    by      In
    Australia's deserts will soon hold hundreds of radio dishes, forming part of a global radio telescope designed to listen for signals from the start of the universe: The Square Kilometre Array (SKA). 
    When completed, the ambitious project will be the world's single largest piece of astronomical... Read More
  2. Newcastle solar farm
    15.02.2018
    15.02.2018
    by      In
    Newcastle City Council has signed a contract for the design, construction, operation and maintenance of a 5MW solar photovoltaic project as part of its plan to cut its emissions by 30% by 2020.
    The contract has been awarded to a joint venture between Carnegie Clean Energy subsidiary Energy Made... Read More
  3. 15.02.2018
    15.02.2018
    by      In
    Tomcar Australia, subject of a round of 2017 articles that labeled it as "Australia's last automotive manufacturer", has gone into voluntary administration. 
    Citing hostile investors and increasing costs of business, admistrators confirmed the turnover for Tomcar in the 2016-17 financial year was $... Read More
  4. 15.02.2018
    15.02.2018
    by      In
    An innovation hub to help Australian companies make the shift from traditional manufacturing to more advanced, value-added products has opened in Adelaide.
    The concept was first floated in 2016, and since then development has been ongoing, transforming a former car manufacturing plant into a hub... Read More