The current import tax for steel products in Brazil ranges from 9.In their view, Brazil should adopt a higher import tax for steel products, an alternative already adopted by Mexico, the US, the EU and some countries in South America.The move is in line with the declaration made last week by Gerdau’s CEO, Gustavo Werneck, that the situation of these workers could not be maintained indefinitely, unless the government authorities impose a 25 percent import tariff for steel products, as an alternative to reduce the volume of imported steel products, originated chiefly from China and Russia.6 percent to 3.8 percent, figures considered by the Brazilian steel producers as not sufficient to reduce the volume of imports, which have increased on yearly basis by 48.
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