The Brazilian steel institute, A??o Brasil, considers the government's decision to reject trade sanctions against imports of hot-rolled coil (HRC) from China to be "contradictory" and "unrealistic," despite finding confirmation of subsidy practices.
"The signal that Brazil will give to the rest of the world is that companies from other countries, which operate under unfair trade practices, may continue to ship their products to Brazil without restrictions or penalties," the association said on Wednesday May 23.On Tuesday, Brazil's foreign trade chamber, Camex, applied five-year...