Earlier in 2012, Brazil launched an anti-dumping investigation into imports of cold-rolled stainless steel sheets from the six countries and territory. Accordingly, authorities in the American nation decided to impose a definitive anti-dumping tax ranging from 616.67 to 705.61 USD per tonne for Taiwanese exporters, from 1,030.2 to 1,076.86 USD for Finnish exporters, 952.9 USD for German exporters, from 267.84 to 940.47 USD for RoK exporters, and 568.27 USD for Vietnamese exporters. The duties entered into forced on October 4, 2013 for a period of five years.
The products subject to the anti-dumping duty are coded 7219.32.00, 7219.33.00, 7219.34.00, 7219.35.00 and 7220.20.00.
On October 3, 2018, Brazil initiated the sunset review after receiving petition from domestic steel producer Aperam Inox America do Sul S.A.
After the sunset review, the Brazilian authorities decided to keep them for another five years for imports from China and Taipei, and cancel those for Vietnam, Germany, South Korea and Finland.
Tax rates for China and Taipei remain the same and are valid for the next 5 years.
The Trade Remedies Authority recommended local exporters to strictly follow the rules of origin to ensure stable export to Brazil.
This shows that during the time of anti-dumping tax, Vietnam has fully complied with the rules of international law on trade defense. The removal of tax is considered as an advantage of Vietnam as the direct competitors of Vietnamese products are China and Taipei are still subject to tax.
Brazil is a potential market when this large country is on the rise in construction, steel demand is quite large. Vietnamese factories should take advantage of this to find potential customers in this South American country.