Arrow
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. 24.01.2019
    24.01.2019
    by      In
    SAGE Automation has launched a smart, mobile transit hub nicknamed Matilda in South Australia to test the integration of autonomous vehicles into daily life. It is designed for use with any driverless vehicles and to provide users with an interactive experience to aid their commute.
    SAGE CEO Adrian... Read More
  2. 22.01.2019
    22.01.2019
    by      In
    The Waste Management Association of Australia (WMAA) became the Waste Management and Resource Recovery Association of Australia (WMRR) on 1st January 2019.
    The new name was chosen by the association's members to reflect the needs of a diverse and growing membership and to acknowledge the increasing... Read More
  3. 22.01.2019
    22.01.2019
    by      In
    The Australian Made Red Energy Foundation Cup gives children aged 13 and under from regional and rural Australia the opportunity to participate in competitive tennis at the highest level. The tournament forms part of the Australian Made Summer of Tennis.
    New South Wales claimed the 2019 title over... Read More
  4. 22.01.2019
    22.01.2019
    by      In
    Online registrations are now open for Austech 2019, Australia’s premier advanced manufacturing and machine tool exhibition, set to take place at Melbourne Convention & Exhibition Centre from 14th to 17th May.
    The opening of registrations marks a significant milestone in the build-up to this... Read More
Arrow