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MercoPress, en Español

Montevideo, May 20th 2024 - 05:53 UTC

Tag: steel imports

  • Friday, April 26th 2024 - 10:56 UTC

    Brazil to discourage steel imports?

    The measure still needs to be greenlighted by Brazil's Mercosur partners

    Brazilian authorities announced this week that new measures will be in force concerning the import of steel products. In a move to discourage such practices, goods exceeding the quota of 11 items will be charged higher taxes, Agencia Brasil reported. In other words, if the maximum volume is exceeded, the import duty, currently ranging between 9% and 14.4%, will reach 25%, the Chamber of Foreign Commerce explained. The initiative seeks to prevent unfair competition with domestic steel.

  • Thursday, September 17th 2020 - 08:57 UTC

    US curbs steel imports from Brazil and Mexico, boosting protection for US steelmakers

    The U.S. Trade Representative’s office said it was reducing Brazil’s remaining 2020 quota for semi-finished steel imports to 60,000 metric tons from 350,000 tons

    President Donald Trump’s administration took new steps to curb steel imports from Brazil and Mexico, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio, and Michigan.