Take Your Trading To The Next Level. Get Started Here!

Brazil steelmakers confident government will hike import tax as output slides

November 24, 2023 Comments Off

Brazilian steel executives said Nov. 23 they are confident the government will raise national steel import taxes to preserve production, employment and investment levels at domestic mills amid an import surge. The new measures may be taken as soon as the end of this year to take effect early in 2024, said Jefferson de Paula, president of the board of…