FOREX TradingCharts.com

Financial News: BRAZIL: Camex Refrains From Adopting Antidumping Duties On

BRAZIL: Camex Refrains From Adopting Antidumping Duties On Steel Imports

01/18/2018 - 19:29:00 (RTTNews)

(RTTNews) - The Brazilian Foreign Trade Chamber (Camex) refrained from adopting anti-dumping duties to imports of rolled steel from Chinese and Russian companies for now, said the Minister of Planning, Dyogo Oliveira, after a meeting.

According to the minister, the Camex committee found that steel imports from these companies represent only 6% of the market and that in the last two years the product became more expensive. Therefore, according to him, at the moment there is no need to apply the overcharge.

The minister said that despite suspending the possible overcharge, Camex approved an investigation about the steel sales of the companies accused of dumping steel in the country. He added that anti-dumping measures might come into force if new evidence comes up.

"The message is that there is no tolerance in the Brazilian market for dumping practices," he said.

According to Oliveira, the Camex decision was consensual, as some members were in favor of the new duties. The Commerce Ministry MDIC was in favor of applying the overcharge, while the Finance and Agriculture ministries were against it. Earlier this week, the Finance Ministry had already issued a statement arguing that the antidumping duty would hurt other sectors.

The request for adoption of the overcharge on Russian and Chinese steel was made in 2016 by Brazilian steelmakers.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Inflation Slows For Second Month (29 min(s), 14 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story»

Latvia Inflation At 14-Month Low (17 min(s), 14 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story»

OECD Unemployment Rate Falls In December (16 min(s), 14 sec(s) ago)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story»

China's Bank Lending At Record High (47 min(s), 14 sec(s) ago)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story»

UK January Household Spending Fall First In 5 Years: Visa Survey (47 min(s), 46 sec(s) ago)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story»

Swiss Inflation Slows In January (01 hr(s), 34 min(s), 46 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation slowed in January, data from the Federal St ...Full Story»

Singapore Visitor Arrivals, Tourism Receipts Hit Record Highs In 2017 (01 hr(s), 45 min(s), 46 sec(s) ago)
(RTTNews) - Singapore's both tourism receipts and visitor arrivals attained record highs for t ...Full Story»

Romania Industrial Production Grows Sharply In December (02 hr(s), 34 min(s), 46 sec(s) ago)
(RTTNews) - Romania's industrial production expanded markedly at the end of the year, mainly d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Slows For Second Month

02/12/2018 - 06:39 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story>>

Latvia Inflation At 14-Month Low

02/12/2018 - 06:27 AM (RTTNews)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story>>

OECD Unemployment Rate Falls In December

02/12/2018 - 06:26 AM (RTTNews)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story>>

China's Bank Lending At Record High

02/12/2018 - 05:57 AM (RTTNews)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story>>

UK January Household Spending Fall First In 5 Years: Visa Survey

02/12/2018 - 04:22 AM (RTTNews)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.