Chinese steel hit with duties of up to US$670 per tonne as Brazil dumping probe concludes
AI Summary
Brazil has imposed anti-dumping duties on Chinese steel products and hypodermic needles for up to five years following investigations that determined these imports were being sold at unfairly low prices. The measures, approved by Brazil's foreign trade committee and signed by the Vice-President, target cold-rolled steel, coated flat steel, and medical needles originating from China. The investigation into steel began in April 2024 after a petition from Usiminas, a major Brazilian steelmaker, alleged that Chinese exporters were dumping cold-rolled products. Investigators concluded that Chinese producers were selling steel below fair value, harming the domestic industry. The duties on steel can reach up to US$670 per tonne.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories