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Peru closes antidumping probe into Brazil steel bar imports

Christian Fernsby |
The Peruvian government reportedly closed an antidumping probe into imports of Brazilian steel bars after several months of investigation, paper Valor Econômico reported.

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The Brazilian government is reportedly satisfied with the news, as steel bars represent one of the main exports to its neighbor, the report said, citing a note from foreign trade department Secex.

"The Brazilian government, through coordinated action between the foreign affairs and the finance ministries, followed all the investigation stages conducted by Peru, always seeking to demonstrate that there was no harm or threat of harm to Peruvian industry that justified the application of antidumping measures to Brazilian exports of steel bars," the note read.

Brazilian exports to Peru reached US$798mn in the first four months of the year, up 4.56% year-on-year.

Imports from the neighboring country declined 21.6% in the same period, totaling US$461mn, the report said, adding that most of the sales to Peru correspond to manufactured goods.

Along with machine wires and iron bars, steel bars were the second most exported item to Peru, totaling US$53mn during January-April, up 20.7% over the same period of 2018.

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