August 29, 2008

Brazil cuts import duties on steel sheets

It is reportedly that Brazil has reduced the import duties from 14% to 2% on steel sheets of chrome molybdenum (NCM 7225.40.90) and cold rolled (NCM 7225.99.90).

The import quotas were 1.5 million tonnes for chrome molybdenum sheets and 2.5 million tonnes for cold rolled sheet. The move is in an effort to ease rising cost on producers.

(Sourced from YIEH.com)