The GECEX Department of Foreign Trade has approved a final anti-dumping tax on imports of pre-painted steel products from China and India with a validity period of up to five years.
The anti-dumping regulations are expected to be announced in the coming days. According to the technical report, the proposed margin is $210.85/t for imports from India and ranges from $252.53 to $329.77/t for imports from China.
GECEX also approved an increase in import duties from the current 10.8-12.6 percent to 25 percent for a period of 12 months, including HRC, CRC, flat stainless steel. products and wire rod.
The sources claim that the anti-dumping measures on pre-painted products will benefit CSN, while the increase in import tariffs on other goods will support all Brazilian steel producers, in line with the industry's long-standing request.
GECEX plans to hold a meeting on February 12 dedicated to CRC and HDG products.
