The Ministry of Commerce made a speech on the final ruling of Brazil's anti-subsidy investigation on my hot-rolled steel sheet.

On May 21st, the Brazilian Foreign Trade Commission made a final ruling on China's hot-rolled steel plate counter-subsidy investigation. For the sake of public interest, it will not implement anti-subsidy measures. In response, the Ministry of Commerce stated on the 22nd that the Chinese side welcomed Brazil’s prudent and restrained use of trade remedy measures and Brazil’s positive signals from outsiders.

Thus, there won’t be as much obstacle as before and we can deal more business with Brazil’s end users. Xinyue Export thousands tons of steel plate, square hollow section and rectangular hollow section to Brazil last year.