Brazil reduces duties for electrical flat steel imports from China, Taiwan and Korea

Tuesday, 10 November 2015 02:14:34 (GMT+3)   |   Sao Paulo
       

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.

In Taiwan, China Steel Corporation (CSC) will pay a $90/mt duty, while all the other companies are entitled to pay a $132.50/mt tariff.

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