Brazilian Iron and Steel Institute (IABr), said recently that the import of steel products in Brazil will implement anti-dumping investigations in order to reduce the iron and steel imports.
Marco Polo de Mello Lopes, CEO of the Brazilian Steel Institute, said the anti-dumping actions need to continue. In the current market conditions, the local steel mill in Brazil asked the Government to take effective measures to protect local industry development, the current government on such issues response more quickly.
In recent years, Brazil increased demand for currency appreciation, steel imports continued to rise. The local steel mills to take restrictive measures on some steel imports in order to curb the trend.
Lopes said that the anti-dumping measures plus service tax of 4% of the circulation of commodities will effectively reduce the iron and steel imports.
The circulation of commodities and Services Tax effective January 2013, aimed at ending the "tax wars" between the Brazilian states, and to improve the price competitiveness of domestic products for imported products. In addition, a stronger dollar, the Brazilian iron and steel imports this year may be a year-on-year drop of 3.8 percent to 3.64 million tons.
At present, shall be ground to the steel mills to apply, the Brazilian Ministry of Foreign Trade of six anti-dumping case investigation (including slabs, cold rolled austenitic stainless steel 304 and 316 stainless steel pipe), mainly against Chinese products.
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