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Brazil Sets Import Quotas for 11 Steel Products, 25% Tariffs for Excesses

May 09, 2024

Brazil set import quotas for 11 kinds of steel products and levied 25% tariffs when the quotas are exceeded, and the measure will be implemented for 12 months, a government statement said. The Brazilian government said it hopes the move will help reduce idle capacity in the local steel manufacturing industry.

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