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Brazilian government increases import tariffs on rebar and tubes, flat steel off the list

February 9, 2024 Comments Off

The Brazilian Ministry of Development, Industry, Commerce and Services announced on Feb. 8 a modification of import tariffs for five groups of products in the steel sector, including rebar and tubes, which went from 10.8% to 12% (one case), from 12.6% to 14% (two cases) and from 14.4% to 16% (two cases). The decision partially meets the demands of local…