Brazil terminates anti-dumping duty on Vietnam’s cold-rolled stainless steel

Thursday, 2019-10-31 11:10:45
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Brazil’s Ministry of Economy will terminate its anti-dumping duties imposed on cold-rolled stainless steel imported from Vietnam. (Illustrative image)
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NDO – Brazil’s Ministry of Economy has announced thetermination of its anti-dumping duties imposed on cold-rolled stainless steel imported from Vietnam, according to the Trade Remedies Authority of Vietnam.

The Brazilian ministry has declared its sunset review of the anti-dumping duty imposed on imports of the subject goods from China, Chinese Taipei, Finland, Germany, the Republic of Korea and Vietnam.

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.

Following the conclusion of the sunset review, the anti-dumping duties imposed on the subject goods from Finland, Germany, the Republic of Korea and Vietnam will be terminated while the duties imposed on imports of cold-rolled stainless steel sheets from China and Chinese Taipei will be extended.

Due to the complaint lodged by Aperam Inox America do Sul S.A. on April 27, 2018, Brizil initiated an anti-dumping investigation on imports of cold-rolled stainless steel on October 3, 2018.

Before the termination of the anti-dumping duty, the Brazilian authorities imposed an anti-dumping duty of US$568.27 per tonne on imports of Vietnamese cold-rolled stainless steel sheets.

The Trade Remedies Authority of Vietnam recommended Vietnamese steel exporters to fully comply with rules of origin of both Vietnam and Brazil to ensure stable exportof Vietnamese steel to Brazil.