Suggesting that it could benefit UK excavator producers by up to £3.4 million per year, the Trades Remedies Authority (TRA) has proposed that a new anti-dumping measure be applied to imports of excavators from China to the UK.
The proposal measure would see duties ranging from 33.03% for sampled producers that took part in the investigation to 83.5% for all other overseas exporters that did not participate.
The TRA opened its investigation in response to an application from JCB, a Staffordshire-based multinational business.
With full details available HERE and access to the TRA HERE, interested parties now have until 16 December 2024 to comment.
TRA Chief Executive Oliver Griffiths said:“Excavator production is an important component of the UK’s Advanced Manufacturing sector. Our provisional finding is that UK producers are being undercut significantly by dumped imports from China.”
Chinese exporters were able to use reduced production costs to price their exports below UK competitors who did not benefit from an artificially low-cost base, he explained. This meant that UK prices were undercut by a rate of 23.39%.
Around 180,000 tonnes of excavators were sold in the UK during the period of investigation, with the UK industry supplying between 10–25% of this volume. The UK industry’s market share decreased by 11% over the inquiry period.
