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Peru closes antidumping probe into Brazil steel bar imports - Report

Steel News - Published on Tue, 14 May 2019

Image Source: IndiaMART
Peruvian government reportedly closed an antidumping probe into imports of Brazilian steel bars after several months of investigation, paper Valor Econômico reported on Monday. The Brazilian government is reportedly satisfied with the news, as steel bars represent one of the main exports to its neighbor, the report said, citing a note from foreign trade department Secex.

The report said that "The Brazilian government, through coordinated action between the foreign affairs and the finance ministries, followed all the investigation stages conducted by Peru, always seeking to demonstrate that there was no harm or threat of harm to Peruvian industry that justified the application of antidumping measures to Brazilian exports of steel bars."

Brazilian exports to Peru reached USD 798 million in the first four months of the year, up 4.56% YoY.

It said that imports from the neighboring country declined 21.6% in the same period, totaling USD 461 million, adding that most of the sales to Peru correspond to manufactured goods.

Source :

Posted By : Sanju Moirangthem on Tue, 14 May 2019
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