The Australian steel industry says a new anti-dumping agency could prevent the sector from losing hundreds of millions of dollars.

The Federal Government has launched an Anti-Dumping Commission to help deal with the spike in complaints about imported goods being sold in Australia at below cost price.

The food, steel, aluminium and timber industries say dumping is undercutting local industry. Ian Cairns, from the Australian Steel Institute, says the new commission needs to address that problem. “Well, it’s cheating I guess, in the one word. It’s really cheating against your fellow competitor. “Hundreds of millions of dollars if you put it through the whole industry, certainly the Australian steel supply chain and all the other industries that go with it.”