Brazil has set import quotas for 11 steel products, and any imports exceeding these quotas will be subject to a 25% tariff.

Release time:

2024-04-25

Source:

The Brazilian government announced that it has set import quotas for 11 types of steel products, and a 25% tariff will be imposed on imports exceeding these quotas. This measure will be in effect for 12 months. The Brazilian government stated that it hopes this move will help reduce excess capacity in the local steel manufacturing sector.

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The geology and mining industry must comprehensively and deeply advance the new round of strategic actions for breakthroughs in mineral exploration.

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The new round of strategic actions for breakthroughs in mineral exploration brings opportunities for the development of domestic iron ore resources.

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