Market diverges about final decision on Brazilian HRC trade case

Brazilian market participants are diverging about the imposition of anti-dumping duties into hot-rolled coil (HRC) imports from China and Russia.

The divergence comes just after the Brazilian market was surprised by the finance ministry's acceptance that the adoption of trade measures against HRC from China and Russia would be detrimental to the national industrial chain and contribute to raise the country’s inflation rate - a view not shared by Brazilian steel association Aço Brasil.

“The finance ministry was smart, because it puts pressure on [Brazil’s trade chamber] Camex,” a Brazil-focused flat-steel trader said. “I don’t think duties will be set...

Published

Ana Paula Camargo

January 16, 2018

22:16 GMT

São Paulo