- China records highest dumping margin at 50.1%
- No provisional duties imposed despite injury findings
Brazil’s Secretariat of Foreign Trade (SECEX) has issued a preliminary affirmative anti-dumping (AD) ruling against hot-rolled stainless steel flat product imports from China, India, and Indonesia, citing evidence of dumping and injury to the domestic industry.
According to Circular No. 33 dated 29 April 2026, dumping margins were calculated at 50.1% for China, 25.3% for Indonesia, and 17.9% for India. However, Brazilian authorities decided not to impose provisional duties at this stage, stating that the investigation involves multiple origins and a large volume of submitted data requiring further evaluation.
The investigation will continue under full adversarial proceedings before any final trade measures are considered. The final determination by Brazil’s Department of Commercial Defense (DECOM) is expected on 25 November 2026.
The case covers hot-rolled stainless steel flat products in coils or sheets with thickness ranging between 2 mm and 50.8 mm, classified under several Mercosur Common Nomenclature (NCM) tariff codes. Aperam Inox América do Sul remains the sole domestic producer involved in the case.
Market participants noted that the investigation could influence stainless steel trade flows into South America in the coming months, particularly for Asian-origin material, amid rising global protectionist measures and increasing scrutiny of stainless steel imports.
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