![]() ![]() This application requests that the Chief Executive initiate and carry out an investigation and determine a rate or amount of countervailing duty on certain Hollow Steel Sections ("HSS 1 "} goods from China pursuant to section 10(1) of the Trade (Anti-dumping and Countervailing Duties) Act 1988 ("the Act"). ![]() This application is made by New Zealand Steel Limited ("NZS") under the Trade (Anti-dumping and Countervailing Duties) Act 1988, an Act to provide for the imposition of dumping and countervailing duties. 1 Certain Hollow Steel Sections exported to New Zealand from China Application and Evidence of New Zealand Steel Limited for Countervailing Duties New Zealand Steel Limited 3 NovemberĢ Contents SUMMARY AND INTRODUCTORY MATTERS.4 Executive Summary.4 Applicant.5 Positive evidence justifying the need for an investigation.5 New Zealand lndustry.6 New Zealand Industry Structure/ Level of Trade, Customers and Market Shares.7 New Zealand Steel Pricing Structure.8 Manufacturing Method.9 Goods Description.10 Descriptive Product Comments.14 New Zealand Steel HSS Exports.20 HSS Import Suppliers to New Zealand.20 China Industry Excess Capacity and Growth.20 Investigations addressing Chinese Steel Pipe Products.21 Australian Investigation Discussion.22 New Zealand Import Volumes of HSS, and China Share Growth.26 China's New Zealand-Destined HSS Export Price.29 Export Price Deductions.30 EVIDENCE OF SUBSIDISATION.30 Preliminary Comment: China HSS Exports Growth Path and World Overcapacity.30 China Subsidization- Background.31 China Subsidization - Information Used and References.34 China Subsidization - Chinese SIE's = Public Bodies.44 China Subsidization - Counterpart Findings.45 China Subsidization -Subsidy Amounts.45 China Subsidization -June 2017 EU.48 China Subsidization - HRC at LTAR.48 China Subsidization -ACBPS China Subsidization Subsidies at Appendix Six.51 China Subsidization Conclusion.51 EVIDENCE OF MATERIAL INJURY.51 Price Undercutting Estimatesģ Material Injury Analysis: Co-incidence or Counterfactual Material Injury - Data.56 Price Effects and Economic Impact.58 Sales.59 Market Share.60 Profits.60 Productivity.62 Return on Investments.62 Utilisation of Production Capacity.62 Factors Affecting Domestic Prices - Other Im ports Magnitude of the Margin of Unfair Trade Cashflow.63 Inventories.63 Employment and Wages.63 Growth, Ability to Raise Capital and Investments.63 Other Factors.64 Other Economic Effects.64 Causal Link.64 Provisional Measures.65 Verification Visit.65 CONCLUSION.66 Case Basis.67 Confirmation of Application Appendix One: Excerpt Australian Report re Section 5(2)(b) of the Act Appendix Two: Excerpt from Canada Border Services Agency Statement of Reasons AD/1403 & CV/138, December 23, Appendix Three: China WTO Accession Protocol of 10 December 2001, Clause Appendix Four: Letters of Application Support Appendix Five: Extension of Table Appendix Six: Subsidy ScheduleĤ SUMMARY AND INTRODUCTORY MATTERS Executive Summary 1. ![]()
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