The Brazilian steel institute, A??o Brasil, was "surprised" when the country's finance ministry accepted that the adoption of anti-dumping tariffs against imports of hot-rolled coil (HRC) from China and Russia would be "detrimental" to the national industrial chain.
"It is strange that the [finance] ministry publicly acknowledges an issue that will be discussed in a meeting of ministries that has yet to occur," A??o Brasil executive president Marco Polo de Mello Lopes told Metal Bulletin on Monday January 15."The application of [the anti-dumping measure] would have negative effects in a set of sectors of the national economy, since the consumer markets for hot-rolled steel - such as the automotive, auto parts and electronics industries - are more representative of [Brazil's gross domestic product] than the steel sector itself," the finance ministry...