The deadline for talks between the United States and Brazil over the Section 232 investigation into steel products is about to end without an agreement, but there may be some clues as to what will happen.
Brazil has been temporarily excluded from a 25% tariff on steel shipments to the US market while negotiations have been held between the countries. The exemption is valid until Tuesday May 1.The US government has been pushing to impose quotas for steel products exported from Brazil, according to Brazilian steel association A??o Brasil.On Thursday, Metal Bulletin was told by several sources that the US had offered a quota agreement for Brazilian steel exports based on average volumes shipped in the last three...