The United States government has been threatening to reduce an existing quota for imports of semi-finished steel products from Brazil in 2020, national steel institute A??o Brasil said on Monday July 27.
US representatives are considering the possibility of blocking the fourth quarter quota for semi-finished steel, which would prevent around 351,000 tonnes of Brazil-origin slab and billet from being exported to the country, according to A??o Brasil's executive president Marco Polo de Mello Lopes."Some steel producers in the US have [a lot of] idle capacity because the market is down, so they want to block our exports in...