News
Brazil seeks negotiation over US steel tariffs instead of retaliation
Issued at 2025-02-17
Tweet
Brazilian steel traders expect the government to negotiate with the US over new tariffs on steel exports, including slabs, rather than take retaliatory measures.
The US steel industry relies on Brazilian slabs and pig iron for production, while Brazil depends on the US as its largest export market. Industry insiders warn that if no concessions are made, American consumers will bear the cost, as imports will continue with higher prices.
The US steel industry relies on Brazilian slabs and pig iron for production, while Brazil depends on the US as its largest export market. Industry insiders warn that if no concessions are made, American consumers will bear the cost, as imports will continue with higher prices.
Brazilian officials are carefully assessing the potential impact before responding to the tariff decision. Brazil may also reconsider its domestic steel demand and explore alternative markets such as Europe and Mexico. Despite tensions, industry leaders stress that cooperation remains crucial for both countries.
Source: yieh.com
Tweet
Related News
- Brazil and China should cooperate in the field of environmentally friendly steel: study
- Germany increased steel production by 4.8% y/y in February
- Global high-grade iron ore market is set to grow
- Global iron ore exports rise modestly in CY'25 as Brazil drives growth
- Iron ore prices rose by nearly 7% in March amid supply risks
- China expands restrictions on iron ore imports from BHP
- Germany - Trimet Aluminium’s Essen foundry reaches 10 million tonnes aluminium casting milestone
- Here's the Top 15 List of Pig Iron Companies 2026
- See all News
