Brazil initiates an antidumping investigation on exports from India into Brazil
AIA Engineering announced that the Ministry of Development in Brazil has initiated an antidumping investigation on exports of certain grades of grinding media exported from India into Brazil. They have imposed an interim duty that accounts to USD 359.16/ Mt which is to be paid by importer. The Company is fully co-operating with the trade remedies department for a through investigation into their data. The Company expects the final decision to be publicly available by May 2018.Currently, the company's annual sales quantities to the customers in Brazil are around 15000 tons. While the company's contracted supplies continue unaffected, the impact of the above anti-dumping investigation is not quantifiable pending completion of the review process.
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