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Brazil slaps anti dumping tax on Chinese steel pipes

Brazil said that it will impose an anti-dumping tariff of USD 743 per tonne on steel pipes.

The levy will be valid for 5 years.

The government also announced on Tuesday that it will apply any new anti dumping tariffs retroactively for 90 days to prevent importers from stocking up on goods the government is investigating over possible dumping charges.

The pipes are used in Brazil's oil and gas industry, which is booming following big hydrocarbon discoveries in recent years.

Sourced from Reuters

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