[Adds comment from Gerdau]
The Brazilian steel industry was disappointed by the imposition last week of anti-dumping measures by the European Commission (EC) against imports of hot rolled coil (HRC) from Brazil, national steel industry Aço Brasil said.
The group expected that a minimum import price (MIP) mechanism
would be applied, instead of the range of specific fixed prices announced by the EC.
The anti-dumping tariffs “make Brazilian HRC exports to the EU unviable, affecting the inter-company operations of Brazil-based mills that have reprocessing units in the EU”, Aço Brasil told Metal Bulletin on Friday October 6.
“At a time when the EU and Brazil/Mercosul are negotiating...