Brazilian steel producers have accepted a reduction of 10% in import duties, and agreed to avoid raising domestic prices further, according to the country's economy minister, Paulo Guedes.
The government has been in talks with representatives of steel producers, the country's construction industry and other end users. They are discussing options to normalize supply of rebar and other steel products."[Steel producers] have accepted a reduction of 10% in import duties," economic advisor Paulo Guedes said in a live broadcast...