New Zealand Confirms Dumping of Iron Nails from China

New Zealand Ministry of Economic Development announced the report of investigation on anti-dumping of Wirenails. According to the report, three out of nine investigated Chinese companies do not dump. The range of dumping is from 5% to 110%, and the dumping causes material damages to the iron nail industry in New Zealand. Owing to the small number involved in the dumping products (representing only 3% of the total import), New Zealand government for the moment does not intend to collect the anti-dumping duties. The involved products are within the New Zealand Custom Code of 7317.00.09.09.