The Trade Remedies Investigations Directorate (TRID) has today opened two new investigations into existing European Union anti-dumping duties to determine if they are fit for purpose in the UK.
TRID, which will shortly become an arms-length body of the Department of International Trade, will undertake transition reviews into existing duties on certain Cold Rolled Flat Steel products from China and Russia as well as high fatigue performance iron or steel concrete reinforcing bars and rods (sometimes referred to as HFP Rebars) from China.
The reviews will consider whether the duties are needed to offset dumping of Cold Rolled Flat Steel and HFP Rebar in the UK and whether UK industry would be damaged if the duties were no longer applied. Chief Executive of TRID Oliver Griffiths said:
“The initiation of these two new investigations means we now have 11 active transition reviews, with more to come. In every case our focus is on defending UK economic interests against unfair international trade practices.”
For both Cold Rolled Flat Steel and HFP Rebar, the investigations will cover 1 April 2020 to 31 March 2021. In order to assess injury, TRID will examine the period from 1 April 2017 to 31 March 2021.
TRID will shortly become an independent arms length body of the Department of International Trade as the Trade Bill has now become law.