Brazil ends anti-dumping duty on Vietnamese cold-rolled stainless steel
The Trade Remedies Authority of Vietnam 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 Việt Nam.
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
