The department said on January 11 that Brazilian steelmakers, including CSN and Usiminas, will face duties of 7.42%
Since the beginning of the trade case in August 2015
, US distributors have shown reduced interest in Brazilian HRC material.
That situation is not expected to change any time soon.
And the difficult financial situation faced by Brazilian mills means the countervailing duty further reduces their ability to compete in the US market.
“The preliminary duty is low, but it is an additional cost,” a Brazil-based trader said. “Looking at the financial conditions of Brazilian...