You are here: Home > Steel News > Latest Steel News > Brazil...

Brazil updates utilization rates of steel import quotas

Thursday, 31 October 2024 22:55:18 (GMT+3)   |   Sao Paulo
       

The Brazilian foreign trade authority, SECEX, informed the percentage of the total quotas of 529,113 mt that were used by the importers until October 28.

Such import quotas are valid until January 31, 2025, for imports at the current average import tax of 12.5 percent, while the exceeding imports will be subject to import tax of 25 percent.

The quotas by family of products and respective utilization rates are the following:

- Plates in Coil: 7,964 mt, 6 percent already used

- HRC: 54,030 mt, 32 percent already used

- CRC: 100,559 mt, 66 percent already used 

- Zinc Coated: 156,709 mt, 87 percent already used

- Galvalume: 155,892 mt, 89 percent already used

- Wire Rod: 52,976 mt, 40 percent already used

- Seamed piping: 983 mt, 13 percent already used.

The high rate of utilization of the quotas, chiefly Galvalume, zinc coated, and CRC, points to Brazilian steel imports declining during the next months, as the higher import tax will reduce the competitiveness of the imported products in the country’s domestic market. 

Such quotas and higher import taxes were implemented to face imports at alleged dumping prices, chiefly from China.


Similar articles

Brazilian steel import quotas are updated by foreign trade authority

24 Jun | Steel News

Brazil initiates sunset review of ex-China wire imports

08 Aug | Steel News

IABr: US threatens to cut semis quota for Brazil, Brazilian steel sector to recover gradually

28 Jul | Steel News

Brazil extends AD duty on cold rolled stainless imports from China and Taiwan

14 Oct | Steel News

Brazil able to export more steel thanks to EU quota removal

20 Aug | Steel News

Brazil slaps AD duties on NGO electrical steel imports from Germany

17 Jul | Steel News

Brazil initiates expiry review on AD duties on heavy plates from four countries

04 Oct | Steel News

Brazil imposes AD duty on chrome-added plate imports from China

01 Sep | Steel News

Brazil imposes AD duty on plate imports from China and Ukraine

22 Dec | Steel News

Brazil imposes AD duty on ex-Ukraine seamless pipe

25 Nov | Steel News