Australia’s Antidumping Commission has announced that it has initiated a countervailing (CVD) duty investigation against Chinese rebar imports.
The duty investigation launched by following an application lodged by domestic producer OneSteel Manufacturing Pty Ltd claims that the goods were in receipt of countervailable subsidies from China and that the subsidization has caused material injury to the Australian industry through loss of sale volume, reduced market share, price depression, reduced profits and reduced production and capacity utilization. The investigation covers the period between July 1, 2014 and June 30,2015.
The goods subject to antidumping duty currently fall under Customs Tariff Statistics Position Numbers 7213.10.00, 7214.20.00, 7228.30.90, 7213.10.00, 7227.90.10, 7228.30.10, 7228.60.10 and 7227.90.90.