The Colombian Ministry of Commerce, Industry and Tourism (MINCIT) has announced that it has imposed antidumping duty on imports of wire rod of iron or non-alloy steel or other alloy steel, of circular cross section diameter less than 14 millimeters, with a carbon content less than 0.45 percent by weight, from China.

According to MINCIT, the antidumping duty is valid for a period of five years and consists of a value corresponding to the difference between the FOB base price of $419/mt and the FOB price declared by the importer, if the latter is less than the base price.

The products subject to the 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.