On September 19, the Australian Anti-Dumping Council said that Australia had opened anti-dumping review investigations into steel reinforcement bar from South Korea and Spain.

The current duty rates have been extended for five years on November 19, 2020 and will expire on November 19, 2025. The duty rates are 3.9%-4% for Korea and 8.2% for Spain, excluding Spanish firm Nervacero SA.

The Commission is seeking feedback from interested parties to determine whether there are “reasonable grounds for asserting that the expiration of the tariffs is likely to result in a recurrence of the substantial injury prevented by the tariffs.”

The Commission said that the parties’ applications should be filed with the Commission by November 18, 2024, and that the tariffs will expire on November 20, 2025, if no applications are filed.

Prior to this review, on February 20, 2023, Australia extended until March 7, 2028, the anti-dumping duties on steel rebar originating from Greece (42.1%), Indonesia (0%-9.3%) and Taiwan, China (4.4%).

Since the anti-dumping duty imposed on Chinese rebar (19%) will expire on April 13, 2026, a review is imminent.

The reason for this review in Australia is the increase in exports of China’s price-advantaged resources.

China exported 9.5 million tons of finished steel in August, up 21.3% from a year earlier and 14.7% from a year earlier, the third-highest export volume so far in 2024, and 2024 exports could exceed 100 million tons for the first time since 2016, according to Chinese customs data.

 

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