Brazil’s chamber of foreign trade, Camex, has reduced existing definite AD duties on imports of non-oriented grain (NOG) electrical flat steel from China, Taiwan and South Korea.
In a resolution published at the nation’s official gazette, Diario Oficial, Camex said the new duties are now ranging from $90/mt to $132.50/mt.
According to Camex, the following Chinese companies will pay a $90/mt tariff: China Steel Corporation, Foshan SMC Long & Wide Steel, Hon Win Steel Manufacturing, Jiangsu Huaxi Group Corporation, Jiangyin Huaxin Electrical Equipment, Jiangyin Suokang Electricity, Jiangyin Tenghua Import and Export, Maanshan Iron & Steel Company Limited, Posco (Guangdong) Steel, Shougang Group, and SK Networks (Shanghai).
All the other Chinese companies will pay a $132.50/mt tariff.
As for South Korea, Posco’s Pohang Iron and Steel Company and Kiswire Ltd will pay the same aliquot, $90/mt, while all other companies will pay a $132.50/mt tariff.