Duties are imposed on products dumped in Australia, but the system catches some ‘good guys’ too, as Alan Johnson reports.
A senior Chinese official has said Chinese steel demand peaked two years ago, and called Australia’s attitude to steel dumping “ridiculous”.
Can Australia still make steel? Brent Balinski spoke to metals expert Professor Geoff Brooks from Swinburne University about the industry’s difficulties, where it can excel, and the competition it faces. Australia’s last two major steelmaking sites have had to fight for their lives in the last year, and it is safe to say the local steel … Continue reading Little future in Australia focussing on garden variety steel
An OECD steel committee meeting, attended by assistant science minister Karen Andrews and including 30 of the world’s biggest steelmaking nations, has heard advice that the current glut be addressed promptly. According to OECD figures, global capacity was 2.37 billion tonnes of steel in 2015, but only 67.5 per cent of this was being used. … Continue reading China blamed as OECD steel overcapacity discussions continue
The Government has initiated the development of a second stage of its anti-dumping reforms in the wake of speculation that Arrium’s Whyalla’s steelworks may close.
Arrium is in negotiations with politicians and financiers about what can be done to ensure steelmaking continues at the Whyalla factory, the closure of which would affect more than 1,500 jobs.
A number of manufacturers have warned against introducing a public interest test as the Productivity Commission prepares a report for early next year on anti-dumping arrangements.