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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.

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