NZ Steel lawyers guarded on profit squeeze from Chinese subsidies

Tue, 08 May 2018

By Sophie Boot May 8 (BusinessDesk) - New Zealand Steel's lawyers, who are trying to have a government decision not to tax Chinese steel imports overturned by the High Court, wouldn't tell the judge how much the decision had cost its business, though stressed the impact on its profitability. 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 f...

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