The Colombian ministry of commerce, industry and tourism, MINCIT, has applied provisional AD measures on imports of wire rod from China, according to a recent government resolution.
According to MINCIT, the levies are now effective and will last for a period of four months, and correspond to the “difference between base FOB $541.06/mt price and the FOB price declared for the imported product, always and whenever the last is cheaper than the base price.”
MINCIT said the provisional duties aren’t applicable for the imports already shipped to Colombia before the resolution took place on September 29, 2015.
MINCIT said it found evidences of dumping practices in the imports of the product coming from China. The products subject to the levies include both alloy and non-alloy wire rods with a diameter inferior to 14 mm, as well as those with a carbon content, which corresponds to less than 0.45 percent of its weight.
The products subject to the provisional antidumping duties currently fall under Customs Tariff Statistics Position Numbers 7213.91.90.10, 7213.91.10.10, 7227.90.00.11 and 7227.90.00.90.
At the same time it applied provisional AD duties on the imported steel, MINCIT also said it will continue investigating the imports of these products from China.
Commenting on Colombia’s decision, the Latin American steel association, Alacero, welcomed the country’s move, which adds to other recent measures taken by other countries of the region, including Mexico and Chile.
As reported by SteelOrbis this week, the Mexican economy secretariat, SE, has officially set the final ruling over the 15 percent tariff over the imports of CRC, HRC, heavy plate and wire rod.
Likewise, the Chilean price distortion commission, CNDP, has accepted a request from local producer CAP Acero and applied a 37.8 percent “ad valorem” tariff on the imports of wire rod from China and elsewhere, which will last for no more than six months, but which can be extended to up to two years.
Alacero said “these governments recognized the steel market has experienced structural changes, especially because of China’s overcapacity, and acted against the unfair practices [from China] to avoid the loss of [steel] production and jobs.”