Brazil cancels license of importers selling fake Malaysian cold rolled products

Tuesday, 23 June 2020 00:26:39 (GMT+3)   |   Sao Paulo
       

The Brazilian Secretariat of Foreign Trade and Foreign Affairs of the Ministry of Economy has suspended the licenses of Brazilian importers selling fake Malaysian cold rolled austenitic stainless steel products, it said.

The government did not disclose the name of the Brazilian importers selling the fake Malaysian-origin product. The Secretariat of Foreign Trade and Foreign Affair said all importers were selling fake Malaysia-origin cold rolled steel products from Bahru Stainless SDN. BHD. (Bahru).

The products also fall under the Brazilian HYS codes 7219.32.00, 7219.33.00, 7219.34.00, 7219.35.00 7220.20.90, and the American Iron and Steel Institute (AISI) 400 and 430 grades. In Brazil, they are known under the 304 grade, which also has the 304L and 304H variations.

Malaysian-originated stainless cold rolled steel products are exempt from the antidumping (AD) duties on imports of the product coming from China and Taiwan. Chinese and Taiwanese exporters pay duties ranging from $93.36/mt to $705.61/mt.

 


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