The Brazilian government and national steel institute A??o Brasil are deciding whether to "immediately file an appeal" with the United States government against its "extreme" decision to impose a 25% tariff on steel imports, the association said late on Thursday March 8.
The group understands that the "blockage" of Brazilian steel exports to the US market - mostly slab steel, which is re-rolled by US mills - will cause considerable damage not only to Brazil-based companies, but also to North American firms which are not able to produce their own semi-finished goods.A??o Brasil expected that Brazil-origin steel would be excluded from the US measures due to the complementary nature of their separate industries. These measures damage the concept of fair trade,...