Brazilian duty increase not enough to curb flat steel imports, Inda says

The recent decision by the Brazilian government to increase the import duties imposed on certain flat steel products from October this year will not be significant in reducing the import volumes of such materials, national flat steel distributors’ association Inda said on Thursday September 21.

The change in duties was equivalent to a single day’s fluctuation in the exchange rate for the Brazilian Real against the US dollar, Inda executive president Carlos Loureiro said. “[The...


Gabriela Brumatti

September 22, 2023

19:45 GMT

São Paulo