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BRIEF-Arrium Ltd updates on Anti-Dumping Commission's preliminary determinations

Published 12/01/2016, 05:19 pm
Updated 12/01/2016, 05:20 pm
© Reuters.  BRIEF-Arrium Ltd updates on Anti-Dumping Commission's preliminary determinations
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Jan 12 (Reuters) - Arrium Ltd ARI.AX :

* Arrium Ltd - anti-dumping update - China

* Says Anti-Dumping Commission (ADC) has made preliminary affirmative determinations

* The ADC has imposed preliminary dumping securities ranging between 9.5% and 18.4% for steel rod in coil

* The ADC has imposed preliminary dumping securities ranging between 5.8% and 24% for steel reinforcing

* In respect of investigations into co's allegations of unfair and damaging trade from dumped chinese steel reinforcing bar and steel rod in coil

* ADC initiated investigation into co's allegation that chinese steel reinforcing bar dumped into Australia is in receipt of countervailable subsidies from China

* Arrium's steel business has about 75% of volume of its manufacturing product base now subject to anti-dumping preliminary or final determinations

* ADC has imposed dumping duties of between 2.8% and 14.3% for goods exported into Australia from these countries

* Source text for Eikon ID:nASX539Kmk

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