steel
Steel and Aluminium

USA, UK no longer restrict entry of steel products from Brazil

Jul, 25, 2022 Posted by Gabriel Malheiros

Week 202230

On July 19, the United States announced the withdrawal of anti-dumping and countervailing measures against Brazilian exports of cold-rolled steel products, which had been in force for more than five years. According to the decision, the extinction of the measures will not damage the American industry, as Brazil proved.

Therefore, the US no longer charges additional fees up to 46% – 35% antidumping duty and 11% countervailing measure – on imports of cold-rolled products from Brazil. There were no changes in similar charges levied on the same products from other origins (China, India, Japan, South Korea, and the United Kingdom), with Brazil being the only country excluded.

See below the track record of Brazilian exports of steel products, in terms of TEUs, from January 2021 to May 2022. The data below was provided by Datamar’s business intelligence team through the platform DataLiner.

Steel Exports from Brazil to the US | Jan 2021 – May 2022 | TEUs

Source: DataLiner (click here to request a demo)

Furthermore, on June 23, the United Kingdom announced the exclusion of Brazil from the application of the safeguard measure on steel sheets and cold-rolled steel products, which were subject to a 25% surcharge for a year after the pre-established maximum volume allowed for the period was exceeded.

Brazil proved to the British authorities that the country’s export volumes met the exemption criteria authorized by the Agreement on Safeguards of the World Trade Organization (WTO).

With this exclusion, Brazil is currently exempt from all categories of the United Kingdom’s safeguard on steel products, planned to run until June 2024.

In both cases, Brazil’s Ministries of Economy and Foreign Affairs acted together. The US and the UK are two main markets for Brazilian steel. In 2019, Brazil exported around US$ 7.3 billion in steel products to the world, of which more than US$ 3.4 billion went to the US and the UK.

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