Aço Brasil calls for increase in Brazilian steel import duties to 25%

The Brazilian steel association, Aço Brasil, is asking that import duties on steel products be increased to 25%, to curb an inflow of imported material into the country and avoid plant closures.

“Our request is an import duty of 25%, which is aligned with what other countries and regions have been doing,” Jefferson de Paula, chairman of Aço Brasil’s board of directors...