Chinese steel hit with duties of up to US$670 per tonne as Brazil dumping probe concludes

Brazil has imposed anti-dumping duties on a broad range of Chinese steel products and hypodermic needles following two investigations that found the imports were being sold at unfairly low prices, harming domestic producers.Approved by the government’s foreign trade committee and signed by Vice-President Geraldo Alckmin in his capacity as trade chief, the measures apply for up to five years and target cold-rolled steel, coated flat steel and medical needles shipped from China.Cold-rolled steel is a key input for manufacturing, used in car body panels, refrigerators, washing machines, metal furniture, storage systems and a range of light-industrial components. Processed at room temperature, the material has tighter tolerances and a cleaner finish, qualities that make it especially suitable for automotive production.The steel investigation began in April 2024 after Usiminas, one of Brazil’s largest steelmakers, filed a petition alleging that Chinese exporters were selling cold-rolled products below fair value.10:37Why the US is worried about China’s growing influence in South AmericaWhy the US is worried about China’s growing influence in South AmericaAfter reviewing export prices, cost data and market share information, investigators concluded there was sufficient evidence of dumping and injury to the domestic industry. A formal probe was opened in August 2024, with Chinese producers and the Chinese government notified and asked to respond to detailed questionnaires.