Brazil Launches Anti-dumping Probe on Chinese Copper Tubes, Zhejiang Hailiang Says

SHANGHAI, Dec. 25 (SMM) – China’s biggest copper tube maker Zhejiang Hailiang Co. said Brazil launched anti-dumping probe on Chinese copper tubes which should affect its earnings next year.

Brazil’s ministry of Development, Industry and Foreign Trade started an anti-dumping investigation on Dec. 23 into imports of Chinese and Mexican rifled copper tubes of outside diameters between 5-15.87 mm and internal diameters between 0.22-0.4 mm, Hailiang told Shenzhen Stock Exchange today.

Brazil will charge a 70.1% anti-dumping duty on Chinese tubes and a 56.5% duty on Mexican tubes, Hailiang said in the statement, adding Chinese goods involved are declared under tariff code 7411.10.90.

In the first nine months of this year, Zhejiang Hailiang made sales revenue of 87.96 million yuan ($14.4 million) from exporting such tubes to Brazil, accounting for 1.15% of the company’s total revenue in the period, it said.