Stainless Sheet 304----Brazil imposes anti-dumping penalties on steel imports
Brazil's Foreign Trade Chamber, a trade and industry body, on Thursday implemented anti-dumping penalties on imports of steel plate from China, South Africa, South Korea and Ukraine. According to a post in Brazil's government gazette, the penalties will last up to five years and will be applied on "such material produced in those four countries."
The penalties, in the form of surcharges, will range from USD 135.08 to USD 261.79 per tonne. According to Carlos Loureiro, president of Brazil's National Institute of Steel Distributors, the move will penalize about 10% of the volume of plates purchased in Brazil.
The decision comes after the Brazilian government said it would phase out a hike in imports of some flat steel products.
Key Words: Stainless Sheet 304, anti-dumping penalties, Brazil imposes anti-dumping