|
South Africa to place AD duties on Chinese screws
|
The International Trade Administration Commission of South Africa (Itac) completed its preliminary investigation into the imports of fully threaded screws with hexagonal heads, excluding stainless steel screws from China, and introduced an antidumping duty of 104.5% to protect the local industry.
This application was made by the South African Fasteners Manufacturers’ Association, an industry body that represents 80% of the production volumes in the Southern African Customs Union.
South Africa imported about 500 tons of set screws a month which was the equivalent of the monthly production of an entire local factory.
Itac confirmed that the provisional payment on screws had been introduced and that it would remain in force until November 2nd, when the investigation was expected to be finalized.
The antidumping measure is seen as an extension of existing antidumping measures against Chinese manufacturers of nuts and bolts which had been in force since 1999. The additional duty on bolts amounted to 55% and on nuts to 122%
News Date
5/21/2012 1:37:32 PM
reported by
Raul Lee
|
|
|
|
|