Brazil ends anti-dumping duty on VN cold-rolled stainless steel
Brazil ends anti-dumping duty on Vietnamese cold-rolled stainless steel
The Trade Remedies Authority of Vietnam under Ministry of Industry and Trade reported 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 Vietnam.
Brazil has decided to terminate anti-dumping duties on cold-rolled stainless steel imported from Germany, Finland, the Republic of Korea and Vietnam. (Photo: congthuong.vn)
Hanoi (VNA) – The Trade Remedies Authority of Vietnam underMinistry of Industry and Trade reported the Brazilian Ministry of Economy hasdecided to terminate anti-dumping duties on cold-rolled stainless steel importedfrom Germany, Finland, the Republic of Korea and Vietnam.
Under its sunset review’s conclusion, the anti-dumping measures will beextended for steel sheets purchased from China and Taiwan (China) for fiveyears.
The products subject to theanti-dumping duty are coded 7219.32.00, 7219.33.00, 7219.34.00, 7219.35.00 and7220.20.00.
On October 3, 2018, Brazil initiated the sunset review after receiving petitionfrom domestic steel producer Aperam Inox America do Sul S.A.
Earlier in 2012, Brazil launched an anti-dumping investigation into importsof cold-rolled stainless steel sheets from the six countries and territory.Accordingly, authorities in the American nation decided to impose a definitiveanti-dumping tax ranging from 616.67 to 705.61 USD per tonne for Taiwaneseexporters, from 1,030.2 to 1,076.86 USD for Finnish exporters, 952.9 USD forGerman exporters, from 267.84 to 940.47 USD for RoK exporters, and 568.27 USDfor Vietnamese exporters. The duties entered into forced on October 4, 2013 fora period of five years.
The Trade Remedies Authority recommended local exporters to strictly follow therules of origin to ensure stable export to Brazil./.
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Brazil has decided to terminate anti-dumping duties on cold-rolled stainless steel imported from Germany, Finland, the Republic of Korea and Vietnam.
