June 14, 2021
The Ministry of Economy, Trade and Industry (METI) and Ministry of Finance (MOF) today decided to initiate a new anti-dumping investigation into Hot-dipped galvanized steel wire originating in the People’s Republic of China and the Republic of Korea.
This anti-dumping investigation is initiated based on an industry-filed application, which has been examined in accordance with the provisions of related laws and regulations.
Background
On March 31, 2021, the Ministry of Finance (MOF) and Ministry of Economy, Trade and Industry (METI) received an application to impose the anti-dumping duties on Hot-dipped galvanized steel wire* originating in the People’s Republic of China** and the Republic of Korea from the applicants (NICHIA STEEL WORKS, LTD., NS HOKKAI SEISEN Co., Ltd., Galvart Japan Company Limited and WIRE TECHNO, Ltd.). Both ministries examined the application in accordance with the provisions of the international rules under the WTO Agreements and related domestic laws and regulations and found that the application fulfilled the formal requirements for initiating an investigation. As a result, the ministries decided to initiate the investigation (Public Notice on June 14, 2021).
*Note: Hot-dipped galvanized steel wire, is made from the wire of iron or non-alloy steel through the process of drawing and galvanizing, and mainly used for wire nettings (fences, falling stone guard fences, falling stone guard nets, gabions, crimped wire nets and hexagonal wire meshes)and various barbed wires. It is also used for the purpose of bonding including wires for pulp bonding.
**Note: Excluding the regions of Hong Kong and Macao.
Outline of the Investigation
The investigation is to be concluded within one year, in principle. The ministries will explore objective evidence collected from interested parties including suppliers in China, Korea and domestic producers, providing opportunities for them to present evidence and information.
Following those investigations, the Government of Japan will determine whether or not the product has been imported into Japan at dumped prices and if such dumped imports have caused material injury to the domestic industry, in accordance with the provisions of the international rules under the WTO Agreements and related domestic laws and regulations, and make a decision on whether or not to impose the anti-dumping duties on the product subject to the investigation.
