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CRACKDOWN ON FOREIGN STEEL IMPORTERS

22-03-2016
by 
in 

The federal government has implemented anti-circumvention measures against foreign steel importers who have been avoiding anti-dumping duties by slightly modifying their products.

The decision is a major win for local steel makers.

Industry Minister Christopher Pyne said payment of duties for steel imports in excess of $4 million 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,” Mr Pyne said.

Mr Pyne said the government would 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 said: “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%.

More information can be found at: http://www.adcommission.gov.au/Pages/default.aspx

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