Overview
- Indecopi’s dumping commission set a definitive surcharge of US$81.3 per ton on Chinese steel wire rod, to apply for five years in a first administrative ruling.
- The investigation covering July 2021 to June 2024 found imports surged at prices even below Peru’s production cost, pushing local prices down 18.3% and internal sales down 8.5%.
- Peru had already applied a provisional duty of US$64.60 per ton between July and November 2025 while the case was under review.
- Productos de Acero Cassado asked the Cabinet office to investigate Indecopi’s president over a 2025 meeting with the Latin American steel association, which Indecopi and Alacero describe as a recorded, general, virtual briefing that avoided pending cases.
- Importers and metalworking firms warn the new surcharge will raise a key input cost for factories and could erode their ability to price competitively against foreign goods.