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.
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.
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.
