Brazil rejects industry requests for steel tariff exemptions

Brazil's Chamber of Foreign Trade (Camex) has rejected temporary tariff exemption requests submitted by local steel and metals industries, among others, Mysteel Global learned from the Chamber's new release on Monday.

Earlier in April, the Brazilian government announced that it would implement import quotas on 15 steel products, along with a 25% tax on imports exceeding the established volume limits, as outlined by Camex. The measures, set to remain in effect for 12 months, aim to protect Brazil's domestic steel industry, and the government plans to monitor