Overview
- Indecopi issued a final resolution on Thursday that applies differentiated antidumping duties for five years to hot‑rolled carbon steel tubes from China used in construction and industry.
- The authority assigned company‑specific dumping margins and per‑ton charges, including 8.3% (US$49.2/ton) for Jinzhuoyi, 15.7% (US$99.2/ton) for the Derun group, 25% (US$149.4/ton) for the Baolai group and 32.1% (US$193.6/ton) for the Youfa group, plus a residual duty for other exporters.
- Indecopi’s injury analysis says imports grew 94.7% from January 2021 to June 2024, import prices undercut domestic costs, Peruvian producers saw average sale prices fall 16.5%, and firms lost market share, profit margins and sales velocity.
- A June 12 technical addendum changed the method for calculating normal value by using each exporter’s highest export price to a third country, which raised the average preliminary dumping margin from about 1.5% to 20.3% and prompted formal objections from investigated firms and competition specialists over limited time to respond.
- The decision could raise import costs for builders and manufacturers, invite administrative or judicial appeals by Chinese exporters or Peruvian importers, and draw attention from the Chinese embassy and trade authorities as the measure is implemented.