Brazil Joins Protectionist Wave in Face of Cheap Steel Imports
- Government to impose quota system on 11 types of products
- Imported volumes exceeding these quotas will face a 25% tax
Red-hot rolled steel coil at a steel mill in Espirito Santo, Brazil.
Photographer: Rich Press/BloombergThis article is for subscribers only.
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Brazil is stepping up protections for its steelmakers amid an influx of cheap imports led by China, by imposing an import quota system on 11 types of alloy products.