UPDATE: Chinese subsidies on steel imports not hitting NZ Steel margins: MBIE

Fri, 07 Jul 2017

(Updates with Dean's decision, more detail) By Paul McBeth July 7 (BusinessDesk) - Chinese subsidies on galvanised steel coil imports won't attract the wrath of the government after Commerce Minister Jacqui Dean accepted a report that they're too small to have injured the domestic industry, dominated by Australian-owned New Zealand Steel, which cried foul about the rival Chinese supply last year. The Ministry of Business, Innovation and Employment's final report released today found Chinese imports were undercutting NZ Steel prices, bu...

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