8Authority to report to Minister on changes in markets

8 Authority to report to Minister on changes in markets

(1) If:

(a) the volume of sales in Australia by the steel industry of steel products in a particular product category over any period of 3 months, expressed as a percentage of the total volume of sales in Australia of steel products in that product category over that period, is less than 80% or more than 90%; or

(b) in the opinion of the Authority, the volume of imports into Australia of a particular steel product that is not in a product category has risen rapidly and is not likely to fall to a corresponding extent in the reasonably foreseeable future;

the Authority shall, as soon as practicable, report to the Minister making recommendations on any need for changes in assistance to the steel industry or for any other action. (2) The Minister may, by notice published in the Gazette, designate a category of steel products to be a product category for the purposes of this section.