Brazil investigating Chinese imports of high-carbon PC strand

Brazil's development, industry and foreign trade ministry, MDIC, said on Monday it has started an antidumping (AD) investigation over the Chinese imports of high-carbon pre-stressed concrete (PC) strand with high mechanical strength, containing 3 or 7 wires and low relaxation RB.

The investigation follows a request from local producer Belgo Bekaert, a JV between ArcelorMittal and N.V. Bekaert, which filed a claim on April 28, 2016. Last week, Brazil also initiated a probe into the Chinese imports of high-carbon steel wire, following a similar request from Belgo.

The decision was made public on Monday at the nation’s official gazette, Diario Oficial da Uniao (DOU). MDIC said the analysis that gathered evidences of dumping practices considered the period of January to December 2015.

MDIC said there was a $474.44/mt absolute dumping margin in the Chinese exports of the product, and as such, it could find evidences of dumping in the Chinese exports of high-carbon steel wire ropes to Brazil.