For a maximum of five years, Brazil placed countervailing duties and AD measures on Chinese HRC in 2018.
However, these were never used for the public interest considerations, which Brazil has made obligatory in anti-dumping or subsidy investigations as of April 2019.
The trade chamber believes that the study of earlier public interest assessments has not revealed any material changes in the recent years of the suspension of such measures.
Contrarily, Camex says, “alternative sources relevant to the Brazilian market, imports from China that became more significant relative to the total at the end of the analyzed period, and there is uncertainty about the continuity of imports from Russia and Ukraine.” Therefore, there would be greater risks to the downstream chain than those noted at the time of the suspension suggestion if China’s imports were potentially restricted through the reapplication of the compensatory measure.
The flat-rolled products of alloy or non-alloy steel, hot-rolled, with a width of at least 600mm, in sheets with a thickness of less than 4.75mm, or in coils with any thickness, were the subject of the petitioners’ desire to reapply AD measures. These fall under the HS numbers 7208.10.00, 7208.25.00, 7208.26.10, 7208.26.90, 7208.27.10, 7208.27.90, 7208.36.10, 7208.36.90, 7208.37.00, 7208.38.10, 7208.38.90, 7208.39.10, 7208.39.90, 7208.40.00, 7208.53.00, 7208.54.00, 7208.90.00, 7225.30.00 and7225.40.90.
Chinese Hebei Iron & Steel, Bengang, Baosteel, and Maanshan Iron & Steel Company were the businesses examined.
