The Peruvian National Institute for the Defence of Competition and the Protection of Intellectual Property (Indecopi) has decided not to impose duties on imports of Brazilian and Mexican rebar. The authority announced the closer of its anti-dumping investigation on 25 April, according to a note published in the country’s Official Gazette El Peruano monitored by Kallanish.
The decision was based on an analysis of the different economic and financial indicators of the national industry. An analysis of foreseeable and imminent situation that could occur in the national steel bar market was also taken into consideration, Indecopi says.
The product under investigation is classified under HS codes: 7213.10.00.00, 7213.20.00.00, 7213.99.00.00, 7214.99.10.00, 7214.20.00.00, 7214.99.90.00 and 7228.30.00.00.
The authority notes that during the period of analysis from January 2014 to September 2017, Peru increased of imports of Brazilian and Mexican origin rebar. ArcelorMittal, Gerdau and Deacero shipments however represented an average of only 14.6% of total national consumption. “Shipments form these companies replaced imports of rebar originating from Turkey. There is not sufficient evidence of damage to domestic output, as these did not entail an increase in overall Peruvian imports in the period,” Indecopi adds.
The investigation was requested by local steelmaker Aceros Arequipa on 27 June 2017.