Australia’s Antidumping Commission has announced the imposition of new antidumping (AD) and countervailing duties (CVD) on imports of hot rolled coil (HRC) from China, following an investigation covering the period from October 1, 2023 to September 30, 2024.
The Commission concluded that:
- Chinese HRC exports were dumped into the Australian market
- Dumped imports caused material injury to Australia’s domestic steel industry
- Subsidization was found for most Chinese exporters, except certain producers where subsidy margins were considered negligible
The determined dumping margins are:
- Baoshan: 59.1%
- Zhanjiang: 38.1%
- Meishan: 54.9%
- LY Steel: 41.6%
- All other Chinese exporters: 79.0%
Meanwhile, subsidy margins for most major exporters ranged between 0.3% and 1.7%, which were deemed negligible, while all other Chinese exporters received a subsidy margin of 3.4%.
The ruling marks another significant trade defense measure in the global steel market as countries continue tightening controls on imported steel products.
VietnamSteel by Hoa Sen Group
