Reinforcing Steel Bar and Coil from Malaysia and Thailand: Initiation Summary
[ Last Updated 25 January 2006 ]
10 September 2003
Contents
Type of Investigation
Dumping Investigation.
Description of Goods
Reinforcing steel bar and coil
Countries of Origin
Malaysia and Thailand
Investigation "Milestones"
| Date of Initiation: | 10 September 2003 |
| Earliest date on which Provisional Measures may be imposed: | 9 November 2003 |
| Latest date for release of Essential Facts and Conclusions: | 7 February 2004 |
| Latest date for final decision by the Minister of Commerce: | 8 March 2004 |
Summary of Factors Leading to Initiation
Background
On 27 May 2003, the Ministry of Economic Development ("the Ministry") accepted a properly documented application for a dumping investigation from, Pacific Steel (a division of Fletcher Steel Ltd), the sole New Zealand producer of reinforcing steel bar and coil (rebar). Pacific Steel alleges that imports of rebar from Malaysia and Thailand are dumped and are causing material injury to the New Zealand rebar industry.
Dumping
The information and evidence provided by the industry in its application, shows indicative dumping margins in respect of imports from Malaysia and Thailand ranging respectively from 15 to 31 percent and 5 to 29 percent, when expressed as a percentage of the export price. The Ministry considers that there is sufficient evidence of dumping to require initiation of an investigation.
Material Injury
The industry's application contains information which shows material injury in the form of:
- An increased volume of the allegedly dumped imports; and;
- Price undercutting, price depression and suppression.
- has resulted in:
- A decline in market share, profits, and return on investments, and an increase in inventories.
The Ministry considers that there is sufficient evidence of material injury caused by dumped imports to require the initiation of an investigation.
Purpose of Investigation
The purpose of the investigation is to establish whether the subject goods are dumped, and if so, whether they have caused or threaten to cause material injury to the New Zealand industry.
Further details on the reasons for initiation of this investigation are contained in the Initiation Report, which is available from this site.
Investigation Process
Submissions are being sought from parties known to have an interest in this investigation, including known producers in Malaysia and Thailand, exporters, importers and the New Zealand industry. These submissions will be examined and analysed by the investigation team. The outcome of this examination and analysis will then be reported, with recommendations, to the Minister of Commerce.
Further Information
Any queries or requests for further information should be directed to the investigation team at the Trade Remedies Group on telephone +64-4-470 2273 (Robin Hill) or +64-4-470 2284 (Cassandra Crowley), or facsimile +64-4-499 8508. Enquiries by e-mail should be directed to traderem@med.govt.nz.
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