Brazil Opens Anti-Dumping Probe on Chinese Hot-Rolled Coils

Brazil has officially initiated an anti-dumping investigation into imports of hot-rolled coils from China, signaling a significant move in the ongoing trade tensions between the two nations. The Brazilian Ministry of Economy announced this decision, underscoring concerns that the influx of these products is harming local steel producers and distorting the market.
The investigation, prompted by requests from domestic manufacturers, aims to determine whether the Chinese steel exports have been sold at prices below production costs or local market values. This action comes as Brazil seeks to protect its domestic industries amidst increasing competition and could lead to the imposition of tariffs if the allegations are substantiated.
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