New Zealand's Ministry of Business, Innovation and Employment has announced that it has initiated an antidumping (AD) investigation regarding reinforcing steel bar and coil imports from China and Malaysia and a countervailing duty (CVD) investigation for the same products imported from China.
The investigations was launched upon the complaint from Pacific Steel, the sole producer of rebar in New Zealand, claiming that the mentioned goods imported from China and Malaysia are being dumped and the dumped goods are causing or threatening to cause material injury to the domestic industry and the same imports from China are subsidized and are causing material injury to the domestic industry.
The products subject to investigation are reinforcing steel bar and coil with a diameter equal to or greater than 5 mm, currently falling under Customs Tariff Statistics Position Numbers 7213.10.90, 7213.91.90, 7213.99.90, 7214.20.90, 7214.99.90, 7227.90.00, 7228.30.00, 7228.50.00 and 7228.60.00.