BRAZIL: Camex Refrains From Adopting Antidumping Tasks On Steel Imports

By | January 19, 2018

The Brazilian Foreign Trade Chamber (Camex) avoided embracing anti-dumping tasks to imports of rolled steel from Chinese and Russian companies in the meantime, said the Minister of Preparation, Dyogo Oliveira, after a meeting.

According to the minister, the Camex committee found that steel imports from these business represent just 6% of the market and that in the last 2 years the item ended up being more costly. Therefore, according to him, at the moment there is no have to apply the overcharge.

The minister stated that in spite of suspending the possible overcharge, Camex approved an examination about the steel sales of the companies accused of dumping steel in the country. He included that anti-dumping steps might come into force if brand-new proof shows up.

“The message is that there is no tolerance in the Brazilian market for disposing practices,” he stated.

Inning accordance with Oliveira, the Camex decision was consensual, as some members favored the brand-new tasks. The Commerce Ministry MDIC was in favor of applying the overcharge, while the Financing and Agriculture ministries were against it. Previously today, the Financing Ministry had currently issued a statement arguing that the antidumping responsibility would harm other sectors.

The request for adoption of the overcharge on Chinese and russian steel was made in 2016 by Brazilian steelmakers.

The product has been supplied by InstaForex Company – www.instaforex.com

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