The Peruvian National Institute for the Defence of Competition and the Protection of Intellectual Property (Indecopi) has initiated an anti-dumping investigation into imports of Chinese wire rod. Domestic producer Aceros Arequipa (AA) claims these imports significantly harm the local industry.
According to Indecopi, wire rod imports from China surged by 136.2% between 2021 and 2024, entering the Peruvian market at prices much lower than AA's production costs. This influx has caused an 18.3% reduction in domestic prices, leading to a decline in sales, financial losses, and workforce reductions, impacting the stability of the Peruvian steel industry.
The investigation, covering July 2021 to June 2024, targets low-carbon steel wire rod classified under HS chapter 7217, with diameters between 5.5 mm and 16 mm.
