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Chile sets 38.9% antidumping duty against imports of steel wire rod

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Chile sets 38.9% antidumping duty against imports of steel wire rod

Sao Paulo — Chile's Anti-Price Distortion Commission, or CNDP, announced the conclusion of an antidumping investigation over imports of steel wire rod and recommended the imposition of a 38.9% duty for at least the next six months.

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The measure will be in effect from the date of publication of the decision in the country's official gazette, expected in the coming days. After the six-month period, the duty could be extended.

The duty affects imports from all countries except Canada, Mexico, Peru and developing countries that account for no more than 3% of Chile's rod imports.

The duties apply to material under HS codes 72132000, 72139110, 72139120, 72139190, 72271000, 72272000 and 72279000.

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CNDP started the investigation on October 2015 and initially imposed a 37.8% provisional duty on imports of wire rod, after a request in early September by long steel producer CAP Acero, the Huachipato mill operated by integrated steel group CAP.

CAP Acero had called for an increase in the provisional anti-dumping duty for imported wire rod from 37.8% to 63.1%, for a period of four years.

China remains CAP Acero's main target of the AD measure, as it supplies more than 80% of Chile's rod imports, according to the mill. Others local producers also support the increase in the provisional duty.

--Guilherme Baida, guilherme.baida@platts.com
--Edited by Derek Sands, derek.sands@platts.com