Brazilian steel group 'surprised' by ministry's objection to HRC trade measures

The Brazilian steel institute, Aço Brasil, was “surprised” when the country’s finance ministry accepted that the adoption of anti-dumping tariffs against imports of hot-rolled coil (HRC) from China and Russia would be “detrimental” to the national industrial chain.

“It is strange that the [finance] ministry publicly acknowledges an issue that will be discussed in a meeting of ministries that has yet to occur,” Aço Brasil executive president Marco Polo de Mello Lopes told Metal Bulletin on Monday January 15.

“The application of [the anti-dumping measure] would have negative effects in a set of sectors of the national economy, since the consumer markets for hot-rolled steel - such as the automotive, auto parts and electronics industries - are more representative of [Brazil’s gross domestic product] than the steel sector itself,” the finance...

Published

Ana Paula Camargo

Felipe Peroni

January 15, 2018

21:30 GMT

São Paulo