20 cents by Christmas!!! DYOR
Australia gets tough on China with new anti-dumping law
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Firms like Bluescope and Arrium are frequent users of anti-dumping laws. Louie Douvis
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by Angus Grigg
The Turnbull government has quietly introduced tough new anti-dumping legislation into parliament, in a pointed move against Chinese firms and one which critics say is a further effort to protect the local steel and aluminium sectors.
The new legislation makes no mention of Beijing or its export driven economy, but a review of recent anti-dumping cases indicates China is the focus.
According to a list of "current cases" published by the Australian Anti-Dumping Commission, Chinese firms accounted for nearly 70 per cent of all actions over the last four months.
This involved 41 cases against Chinese firms, almost three times more than the next largest, Taiwan.
The politically sensitive steel and aluminium sectors are set to be the biggest winners from the new laws, following complaints by local manufactures Bluescope, Arrium and Capral.
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