Brazil ends anti-dumping duty on Vietnamese cold-rolled stainless steel

Friday, Nov 01, 2019 14:54

Cold-rolled stainless steel in a storage unit in HCM City. — VNA Photo

The Trade Remedies Authority of Viet Nam under the Ministry of Industry and Trade reported that the Brazilian Ministry of Economy has decided to terminate anti-dumping duties on cold-rolled stainless steel imported from Germany, Finland, the Republic of Korea and Viet Nam.

Under its sunset review’s conclusion, the anti-dumping measures will be extended for steel sheets purchased from China and Taiwan (China) for five years.

The products subject to the anti-dumping duty are coded 7219.32.00, 7219.33.00, 7219.34.00, 7219.35.00 and 7220.20.00.

On October 3, 2018, Brazil initiated the sunset review after receiving a petition from domestic steel producer Aperam Inox America do Sul S.A.

Earlier in 2012, Brazil launched an anti-dumping investigation into imports of cold-rolled stainless steel sheets from the six countries and territory.

Accordingly, Brazilian authorities decided to impose a definitive anti-dumping tax ranging from US$616.67 to $705.61 per tonne for Taiwanese exporters, from $1,030.2 to $1,076.86 for Finnish exporters, $952.9 for German exporters, from $267.84 to $940.47 for RoK exporters, and $568.27 for Vietnamese exporters. The duties entered into force on October 4, 2013, for a period of five years.

The Trade Remedies Authority recommended local exporters to strictly follow the rules of origin to ensure stable export to Brazil. —VNS

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