Brazil's steel rebar import duty cut 'unjustifiable, against the flow,' Aço Brasil says

Brazil’s national steelmaker association Instituto Aço Brasil has described a government decision to slash import duties for steel rebar as having no justification and going against the flow of higher protectionism in global steel markets.

Gecex, the executive committee for Brazilian foreign trade chamber Camex, on Wednesday May 11 reduced tariffs on rebar imports to 4% from 10.8% previously. This will be valid until the...

Published

Renato Rostás

May 12, 2022

05:30 GMT

São Paulo