There has been another application for a safeguard duty on steel fasteners (this time requesting 80% on bolts) and also a publication of guidelines for comment which would allow safeguard to be extended from 3 years to 10 years. If you are in the downstream steel sector, this video is of particular importance to you.
This video explains safeguard duties in detail, which given how popular this protectionist instrument is becoming, is a really important video to watch. I speak to Dr Gustav Brink, a renowned expert on trade remedies on exactly how safeguards work and what the impact will be of these new guidelines if implemented.
We will be running a short training webinar in the next week to discuss this with whoever is interested in responding to the proposed amendment (or anyone who is bored and space in their noggin for more knowledge).
Here is the video. We will post a blog with an invitation to the webinar just as soon as we figure the technology out to make this happen.