Brazil has taken decisive action to protect its domestic steel industry by imposing significant anti-dumping duties on a range of steel products from China. According to a report from GMK Center, Brazil’s foreign trade authority, CAMEX, confirmed the new measures will be in place for a period of five years, signaling a long-term strategy to counter what it considers unfair trade practices.
The duties specifically target cold-rolled coil (CRC) and hot-dip galvanized coil (HDG) imported from China. The financial penalties are substantial and vary by product and exporter. For cold-rolled steel, the duties range from $322.93 to $670.02 per ton. Tariffs on hot-dip galvanized products will fall between $284.98 and $709.63 per ton.
This move by CAMEX follows a year of high import volumes that raised alarms within Brazil’s domestic steel sector. Last year, Brazil imported 202,000 tons of cold-rolled coil and 1.42 million tons of hot-dip galvanized coil from China. The implementation of these duties is expected to significantly impact trade flows between the two countries, likely curbing the volume of Chinese steel entering the Brazilian market and providing relief to local producers.
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