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US exempts Brazilian pig iron from 25% import tariff; prices may ease after H1CY'26 rally

Source: BigMint Jul 22, 2026 10:00

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Over 80% of Brazil's pig iron exports directed to US. Brazilian prices up 19% since Jan'26 amid tariff uncertainty

The US decision to exempt Brazilian pig iron from the proposed 25% tariff has removed a major source of uncertainty for the global pig iron market. Earlier this month, the United States Trade Representative (USTR) proposed additional duties on Brazilian products under its Section 301 investigation, prompting concerns that

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