Brazil lowers duties on electrical steel imports from Asia
Brazil: Brazil’s chamber of foreign trade, Camex, has reduced existing definite anti-dumping duties on the imports of non-oriented grain (NOG) electrical flat steel from China, Taiwan and South Korea.
Brazil: Brazil’s chamber of foreign trade, Camex, has reduced existing definite anti-dumping duties on the imports of non-oriented grain (NOG) electrical flat steel from China, Taiwan and South Korea.
The new duties are now ranging from $90/mt to $132.50/mt, reports Steel Orbis.
According to Camex, the $90/mt tariff will apply to China Steel Corporation, Foshan SMC Long & Wide Steel, Hon Win Steel Manufacturing, Jiangsu Huaxi Group Corporation, Jiangyin Huaxin Electrical Equipment, Jiangyin Suokang Electricity, Jiangyin Tenghua Import and Export, Maanshan Iron & Steel Company Limited, Posco (Guangdong) Steel, Shougang Group, and SK Networks (Shanghai).
All other Chinese steel companies will pay the $132.50/mt tariff.
In South Korea, Posco’s Pohang Iron and Steel Company and Kiswire Ltd will pay the $90/mt tariff, while all other producers will be paying the higher duty.
In Taiwan, China Steel Corporation will pay the 90/mt duty and all other producers will pay the higher tariff.
Source: Steel Orbis
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