NZ govt probes alleged steel dumping by China, Malaysia


KUALA LUMPUR: The New Zealand government has launched an investigation into the alleged dumping of certain steel products from China and Malaysia.

New Zealand's Ministry of Business, Innovation and Employment announced the initiation after it had received an application from its industry providing sufficient evidence to justify the need for investigation.

The probe is under section 10A of the Dumping and Countervailing Duties Act 1988.

The goods involved certain electric resistance welded pipe and tube made of carbon steel, comprising circular and non-circular hollow sections, collectively referred to as hollow steel sections.

In a separate statement, the ministry had also launched a probe into the alleged "subsidisation" of certain hollow steel sections from China.

 

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

IFC, consortium commit over US$900mil in financing to data centre in Malaysia
Foreign investors offload RM1.07bil on Bursa Malaysia for ninth week running
Bursa Malaysia confirms CEO succession process amid speculation
KLCC Property denies Bandar Malaysia takeover
Bursa Malaysia gains on bargain hunting amid cautious sentiment
Ringgit rises against US dollar as DXY declines
Bandar Malaysia's theme park project cancelled
Trading ideas: Top Glove, LKL International, Kawan Renergy, Edelteq, Catcha Digital, MAHB
Metal markets rush to adjust to clampdown
Apple’s US$1bil outlay may be a fleeting win

Others Also Read