On Thursday, the Brazilian government closed an investigation on the dumping of flat steel products from five countries, which is filed in October by local steelmaker Cia Siderurgica Nacional (CSN), finding no practical hurt happens.
CSN filed the probe that rolled and zinc-coated flat products from Australia, South Korea, China India and Mexico had been entering into Brazilian market with below-cost prices.
Brazil's Industry and Trade Ministry closed the investigation, as evidence showed that imports of coil and similar products did not affect the already strong market position of local steelmakers in Brazil.