Brazilian HRC trade case on China, Russia goods 'surprises' importers

The launch of an anti-dumping probe in Brazil into imports of hot rolled coil (HRC) from Russia and China has surprised steel traders and caused panic among clients.


“Customers who recently booked HRC are desperate,” a Brazilian trader told Steel First. “Some are considering cancelling recent deals.”
On July 20, Brazil started an anti-dumping investigation into HRC imports from China and Russia, according to the country’s foreign trade secretariat, Secex.
Russian goods were entering the country with a dumping margin of 74.10% and Chinese material with a dumping margin of 49.10%.
Local market participants consider the adoption of an anti-dumping duty at the end of the investigation to be “highly likely”.
“[Brazilian] mills believe a provisional tariff will be imposed by as early as November,” a trader said.
A second trader admitted that the chances of Brazil setting a final duty are high, but disagreed with the timeframe.

“I don’t think that an investigation can end in less...

Published

Ana Paula Camargo

Felipe Peroni

July 22, 2016

22:04 GMT

São Paulo