Korean steel's duty without duty

Steel prices have surged 'more than 50%' since the pandemic. (Image: Getty)

Thu, 31 Mar 2022

New Zealand's anti-dumping duty on Korean coated steel is unlikely to ever see the light of day.The duty on aluminium-zinc (AZ) and associated products out of Korea was formally announced in December after a six-month investigation by the Ministry of Business, Innovation and Employment (MBIE). That followed a complaint by NZ Steel, the only local manufacturer of AZ products, that steel out of Korea and Taiwan was being dumped in NZ, and undercutting local prices by about 10%.In December, MBIE said it will institute an ad valorem tax of...

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