The UK government decided to lift tariffs on steel plate and cold-rolled steel imports from Brazil on July 22, four days after the US lifted a 46% duty (a 35% anti-dumping duty and an 11% countervailing duty) on Brazilian cold steel. - rolled steel.
The US and UK have adjusted protective tax measures, which has increased the competitiveness of Brazilian steel products. These two countries are the main markets for Brazil's steel products.
In 2019, the total export value of Brazilian steel products reached US$7.3 billion, of which the UK and US accounted for 46.5% of the US$3.4 billion.
The volume of Brazilian plate and cold rolled steel exported to the UK exceeded the quota limit a year earlier and was therefore subject to an additional 25% tariff.
UK cancels tariffs on Brazilian rolled metal
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