Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

Brazil imposes heavy plate import duty

Keywords: Tags  Brazil imports, plate, anti-dumping duties, Camex, Posco, Hyundai Steel, heavy plate, Ana Paula Camargo

SÃO PAULO — Brazilian foreign trade chamber Camex has imposed anti-dumping duties on imports of heavy plate from China, South Korea, Ukraine and South Africa.

The anti-dumping tariff will be valid for five years, varying from $135.08 per tonne to $261.79 per tonne, the chamber said in a resolution published Oct. 3 by the country’s official gazette.

Products imported from South Korea’s Posco Ltd. and Hyundai Steel Co. Ltd. will be charged tariffs of $135.08 per tonne and $135.84 per tonne, respectively.

Imports from South Africa will face a duty of $166.63 per tonne.

Meanwhile, imports from China and Ukraine will be subject to tariffs of $211.56 per tonne and $261.79 per tonne, respectively.

The duty covers low-carbon plate in thicknesses greater than 4.75 millimeters and widths of more than 600 mm.

The tariffs, however, won’t be applied to certain types of plate, such as goods intended to meet the requirements of acid-corrosion tests and those used in the production of some pipe, Camex said.

The case was opened in May 2012 following a request from Brazil’s sole heavy plate producer, Usinas Siderúrgicas de Minas Gerais SA (Usiminas).

The investigation period was extended by six months in April. It originally covered heavy plate imports from six countries. In December last year, however, both Russia and Australia were dropped from the probe as their exports to Brazil were considered insignificant during the review period.

Usiminas welcomed Camex’s decision. "The company considers the measure an important step to ensure equal competition in the steel market, reinforcing the government’s commitment to the strengthening of the Brazilian industrial sector in a free competition context," it told AMM sister publication Steel First

A version of this article was first published in AMM sister publication Steel First.

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends