Metals New Zealand strongly supports imposition of tariffs on galvanised wire from specified Chinese plants – as has been identified in the Ministry of Business, Innovation & Employment’s (MBIE) Step 2 Investigation PIP Report on its investigation of dumping of galvanised wire from China as set out in the Trade (Anti-dumping and Countervailing Duties) Act 1988.
As part of the investigations, MBIE has requested submissions on the report’s findings which are likely to form the basis of any final determination to be made.
In our submission –Metals submission on Galvanised wire remedies decision Feb 2021 we urge MBIE to consider the global context re steel supply, the importance of local manufacturing in providing high value jobs, and the interconnected nature / dependency of local manufacturing which enables other sectors of the economy to thrive creating much needed jobs and enabling export growth,
If New Zealand fails to address the dumping of products, then we will continue to lose manufacturing capacity and capability. In the current uncertain times New Zealand needs to maintain the strategic productive capacity in our economy.
Ultimately, failure to do so not only threatens steel / wire making jobs but the myriad of downstream manufacturing and users of downstream goods which enable other sectors of the economy to
deliver, along with valuable exports.