SÃO PAULO The Brazilian government has introduced new anti-dumping legislation, national foreign trade ministry MDIC said Oct. 1.
The measures are intended to incorporate changes to meet the challenges now facing Brazils foreign trade and are effect immediately.
At the end of July, Brazil said that it would improve its anti-dumping legislation to make it more modern and transparent.
Under the new regime, the average length of future anti-dumping investigations will be reduced to 10 months from the current 15 months.
Also, the government intends to ensure that preliminary determinations are made within an average of 120 days after the probe is started vs. the current average of 240 days.
There are now 37 anti-dumping investigations being carried out by the Brazilian government, of which three involve steel goods.
The products being analyzed include heavy plate, austenitic stainless cold-rolled coil and carbon steel seamless pipe.
A version of this article was first published in AMM sister publication Steel First.