Business · Trade · 13 hrs ago

Saudi Arabia opens anti-dumping probe into steel imports from China and Turkey

Saudi Arabia opens anti-dumping probe into steel imports from China and Turkey

Saudi Arabia has opened an anti-dumping investigation into certain steel imports.

The probe covers hot-rolled light and medium sections, angles and structural shapes made of iron or steel.

The imports are from China and Turkey, either originating there or exported from those countries.

Anti-dumping investigations examine imports suspected of being sold at unfairly low prices.

Saudi Arabia’s trade-remedies system allows investigations and measures to protect local industry from harm caused by dumped or subsidised imports.

The inquiry is intended to assess possible harm to Saudi producers; no finding or penalty is announced in the information available.

The authority says the system also aims to guard against surges in imports and defend Saudi exports facing trade-remedy measures.

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Saudi trade remedies lawlegal provision
The Authority shall undertake trade remedies tasks, including conducting investigations and reviews and imposing measures in accordance with the Kingdom’s international commitments
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