Brazilian steelmakers accept cut in import duties, minister says

Brazilian steel producers have accepted a reduction of 10% in import duties, and agreed to avoid raising domestic prices further, according to the country’s economy minister, Paulo Guedes.

The government has been in talks with representatives of steel producers, the country’s construction industry and other end users. They are discussing options to normalize supply of rebar and other steel products.

“[Steel producers] have accepted a reduction of 10% in import duties,” economic advisor Paulo Guedes said in a live broadcast...

Published

Felipe Peroni

July 15, 2021

16:20 GMT

São Paulo