MBIE launches anti-dumping probe into Chinese steel imports

The Ministry of Business, Innovation and Employment has launched an investigation into claims Chinese galvanised steel coil imports have been dumped on the local market, causing "material injury" to New Zealand industry.

The investigation kicked off on Dec. 19. The MBIE initiation report shows New Zealand Steel, a subsidiary of ASX-listed Bluscope, filed a complaint in September, claiming " imports of Chinese steel coil are being subsidised by the Government of China (GOC) and have caused material injury to the New Zealand industry".

MBIE's investigation must be completed within 180 days, excluding the holiday period, with Jacqui Dean making a final decision on whether to impose duties or not by July 9.