Brazil’s trade body GECEX/CAMEX has approved anti-dumping measures on imports of pre-painted steel from China and India. Additionally, tariffs on nine steel categories will be increased for 12 months. The move aims to protect domestic producers, stabilize the market, and counter unfair trade practices impacting Brazil’s steel industry.
Anti-Dumping Decision
The approval of anti-dumping measures reflects Brazil’s effort to safeguard its steel sector against low-priced imports that threaten local competitiveness. Pre-painted steel imports from China and India were identified as being sold below fair market value, prompting corrective action.
Tariff Increase
Alongside anti-dumping duties, GECEX/CAMEX has raised import tariffs on nine steel categories for a one-year period. This measure is designed to provide temporary relief to domestic manufacturers, allowing them to strengthen production capacity and stabilize pricing.
Industry Impact
Brazil’s steel industry has faced mounting pressure from global oversupply and aggressive pricing strategies. These measures are expected to support local producers, encourage fair competition, and maintain employment in the sector.
Key Highlights
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Anti-dumping measures approved on pre-painted steel imports from China and India
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Tariffs increased on nine steel categories for 12 months
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Aims to protect domestic steel producers and stabilize market
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Addresses unfair trade practices and global oversupply pressures
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Supports employment and competitiveness in Brazil’s steel industry
Conclusion
Brazil’s latest trade measures underscore its commitment to defending domestic industry against unfair competition. By combining anti-dumping duties with tariff hikes, the government seeks to balance trade flows and ensure long-term sustainability of the steel sector.
Sources: Reuters, Business Standard, Economic Times