UPDATE: Australia probes AD&CVD exemptions on certain Chinese HRCs

Australia's Anti-Dumping Commission under the Department of Industry, Science and Resources has initiated an exemption inquiry for specific China-origin hot-rolled coil (HRC) steel subject to the anti-dumping duties (AD) and countervailing duties (CVD) finalized earlier last month, according to the notice published by the Commission on May 29.

The country has imposed AD duties of 38.1%-79% and a 3.4% CVD on HRCs from certain Chinese exporters, starting from May 4, as Mysteel Global has reported. The exemption inquiry was launched in response to applications made by Baoshan Iron & Steel Co Ltd (Baoshan), Baosteel Zhanjiang Iron & Steel Co