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Australia imposes duty on Turkish steel rebar

Australian Anti-Dumping Commission decided to introduce antidumping duties on steel rebar including rebar in coils exported to Australia from Turkey. On January 15, the Australian Anti-Dumping Commission has announced antidumping measures against rebar from Turkey. Commission said “Given the volumes of imports from Turkey, it is necessary to take securities to prevent material injury occurring whilst the investigation continues. The AD duty imposed on all Turkish rebar exporters is 4%.

The Commission said that “The rate of Turkish imports is increasing with Turkish imports accounting for approximately 12% of the total Australian imports.”Before the investigation, the dumping margin was estimated by the applicant and by the Commission in the range of 8.2%-12.6%, so much higher than the announced preliminary duty.

The investigation was initiated on November 16,2018, in response to the request from Liberty OneSteel, the only maker of rebar and rod in coils in the country, which stated that the total imported volumes of Turkish rebar surged 10-fold during the last financial year
Source : STRATEGIC RESEARCH INSTITUTE, STEELGURU
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