Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Australia Levies AD Duty on 9 Strand Steel Wire Rope Imports from South Africa

Steel News - Published on Fri, 12 Jul 2019

Image Source: Mazzella Companies
The Australian Anti-Dumping Commission has revised the definition of anti dumping duties on steel wire rope from South African as South African exporters were selling their steel wire rope with one extra strand in order to avoid tariffs. Therefore, the products under HS code 731210 will be imposed an anti-dumping duty which was traced back from February 11th, 2019, and the nine-strand ropes will be involved. As a result, imports of the circumvention goods from South Africa entered for home consumption on and after 11 February 2019 will become subject to interim dumping duty, a combination of fixed and variable duty method ie Scaw South Africa Pty Ltd 27.2% and all other exporters 28.9%.

The investigation was based on the application by Bekaert Wire Ropes Pty Ltd. The company said the South African exporters sold the nine-strand wire ropes into the Australian market to escape from the anti-dumping duties.

The tariff on steel wire rope was firstly imposed on December 18th, 2017.

Source :

Posted By : Ratan Singh on Fri, 12 Jul 2019
Related News from Steel segment