Provisional antidumping duties on Chinese wire rod imports to Colombia
The Colombian ministry of commerce, industry and tourism, MINCIT, has applied provisional antidumping measures on imports of wire rod from China, according to a recent government resolution.
According to MINCIT, the levies are now effective and will last for a period of four months, and correspond to the “difference between base FOB $541.06/mt price and the FOB price declared for the imported product, always and whenever the last is cheaper than the base price.” MINCIT said the provisional duties aren’t applicable for the imports already shipped to Colombia before the resolution took place on September 29, 2015.
MINCIT said it found evidences of dumping practices in the imports of the product coming from China. The products subject to the levies include both alloy and non-alloy wire rods with a diameter inferior to 14 mm, as well as those with a carbon content, which corresponds to less than 0.45 percent of its weight.
The products subject to the provisional antidumping duties currently fall under Customs Tariff Statistics Position Numbers 7213.91.90.10, 7213.91.10.10, 7227.90.00.11 and 7227.90.00.90. At the same time it applied provisional AD duties on the imported steel, MINCIT also said it will continue investigating the imports of these products from China.