Peru has imposed antidumping duties over hot-rolled steel tubes imported from Chinese companies for the next three years.
The decision, announced by Peru's anti-dumping agency, Indecopi, on Tuesday, applies to round, square or rectangular welded tubes, 1.5 mm-6 mm thick. The affected companies are Tianjin Youfa International Trade Co., Tianjin Youfa Steel Pipe Group Co., NO. 2 Branch Co, Tianjin Youfa Dezhong Steel Pipe Co., all subject to a $60/mt duty, and Tianjin Zhihengtai Steel Co., subject to a $89.80/mt duty. All other Chinese exporters will be subject to a $89.80/mt duty.
"Imports of this kind of tubes from China increased their share [in the Peruvian market] from 20.2% in 2010 to 38.9% between January and September 2013," Indecopi said in a statement.
The anti-dumping investigation began in June 2013 following a request from Peruvian tube maker Tupemesa, a subsidiary of Chile's integrated steel group CAP.