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New Zealand says provisional trade measures unnecessary, but will continue Chinese steel probe

( December 11, 2017, 03:42 GMT | Insight) -- New Zealand's Ministry of Business, Innovation and Employment said there is no need to impose provisional measures to protect local steelmakers while it investigates claims of subsidized Chinese steel damaging the local industry, the New Zealand Herald reports.New Zealand's Ministry of Business, Innovation and Employment said there is no need to impose provisional measures to protect local steelmakers while it investigates claims of subsidized Chinese steel damaging the local industry, the New Zealand Herald reports. In August, the MBIE began an investigation into imports of steel reinforcing bar and coil, or rebar, from China after Pacific Steel New Zealand claimed that the Chinese steel was responsible for price undercutting, depression and suppression. The MBIE said that while provisional measures were unwarranted, there was sufficient cause to continue the investigation. The ministry’s final decision on the matter is expected by March 3 next year....

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