NZ Steel asks High Court to overturn Chinese steel subsidy decision

Mon, 07 May 2018

By Sophie Boot May 7 (BusinessDesk) - New Zealand Steel wants the High Court to overturn a decision by the government not to tax Chinese steel imports, which the firm says flooded the local market and cut into profits. In July 2017, then-Commerce and Consumer Affairs Minister Jacqui Dean decided not to impose countervailing duties on imports of galvanised steel coil from China, following an investigation by the Ministry of Business, Innovation and Employment which found that Chinese subsidies on the steel were too small to have injured th...

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