Brazil ends anti-dumping duty on Vietnamese cold-rolled stainless steel

02-Nov-2019 Intellasia | VOV | 6:02 AM Print This Post

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.

Under its sunset review’s conclusion, the anti-dumping measures will be extended for steel sheets purchased from China and Taiwan (China) for five years.

The products subject to the anti-dumping duty are coded 7219.32.00, 7219.33.00, 7219.34.00, 7219.35.00 and 7220.20.00.

On October 3, 2018, Brazil initiated the sunset review after receiving petition from domestic steel producer Aperam Inox America do Sul S.A.

Earlier in 2012, Brazil launched an anti-dumping investigation into imports of cold-rolled stainless steel sheets from the six countries and territory. Accordingly, authorities in the American nation decided to impose a definitive anti-dumping tax ranging from 616.67 to 705.61 USD per tonne for Taiwanese exporters, from 1,030.2 to 1,076.86 USD for Finnish exporters, 952.9 USD for German exporters, from 267.84 to 940.47 USD for RoK exporters, and 568.27 USD for Vietnamese exporters. The duties entered into forced on October 4, 2013 for a period of five years.

The Trade Remedies Authority recommended local exporters to strictly follow the rules of origin to ensure stable export to Brazil.

https://english.vov.vn/economy/brazil-ends-antidumping-duty-on-vietnamese-coldrolled-stainless-steel-405510.vov

 

Category: Business, Vietnam

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