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In the first month after the introduction of the 25% tariff by the government of President Donald Trump on imported steel by the United States, Brazilian steelmakers increased product sales to the country.In June, Brazilian steel exports to the North American market totaled 548.6 million US dollars, almost triple the June 2017 ($ 210.8 million am
to know more In volume of shipments, exports also increased: of 386,900 tons The figures were published today (12) by the Ministry of Finance. Industry, Trade and Services (MDIC), which detailed sales of the product in the North American market.
factors explaining the increase in steel exports was the end of the strike d Due to the closure, product sales in the United States fell to $ 110.8 million in may. In June, shipments rebounded, steel companies producing non-export production in about ten days of strike
Restrictive measures
Another factor that could have contributed to increase steel sales has been the exclusion of Brazil's surtax. After negotiations, the US government agreed to exclude Brazilian, Argentine and South Korean steel from the 25% tariff by imposing export quotas. In the case of Brazil, the limit for semi-finished steel (such as blocks and slabs), used as input by US steelmakers, will be equivalent to 100% of the average exported from 2015 to 2017.
plan finished products, stainless steel and pipes), the quota will be 70% of this amount. The limits came into effect on June 1. Export quotas for 2018 are not met, but Brazil benefits from the absence of taxation and the high price of steel on the international market.
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