wiredInUSA August 2016

INDEX

Brazil’s foreign trade ministry has begun an antidumping investigation of imports of steel wire from China. The petition was requested by Brazilian steel wire producer Belgo Bekaert, a joint venture of steelmakers ArcelorMittal and NV Bekaert. The product under investigation is high strength, circular section high-carbon steel wire with either smooth or notched surfaces, typically identified under HS codes 7217.10.19 and 7217.10.90, the ministry confirmed. The ministry considered $1,070.49 per tonne to be a normal export value, compared with Chinese export prices of $623.65 per tonne. “The verified dumping margin [$446.84 per tonne] shows the evidence of dumping in exports of China’s steel wires to Brazil from January to December 2015,” the ministry said in a statement.

Wire dumping investigation

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wiredInUSA - August 2016

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