Brazil has announced a significant reduction in annual import quotas for 13 types of steel products, a move that could raise the possibility of imposing tariffs a 25% on these products.
According to the Ministry of Development, Industry, Trade and Services, the government has decided to reduce the permitted steel import quota by approximately 250,000 tons in the period from June 2025 to May 2026in order to protect and support local steel mills.
Under the new amendments, only approximately 1.43 million tons of steel imports will benefit from tariff reductions ranging from 9% to 11%.
This measure comes against the backdrop of a significant increase in steel imports to Brazil since the beginning of this year, which has prompted authorities to take protective measures to support local producers.
