Brazil has sharply reduced its annual import quotas for 13 steel products, making it more likely for those imports to become subject to a 25pc tariff. The government cut the total quota volume for the June 2025-May 2026 period by nearly 250,000 metric tonnes(t)/yr from a year prior to curb a surge in foreign shipments and support domestic producers, the industry and trade ministry said on 24 June. That leaves about 1.43mn t/yr subject to the quotas, which pay tariffs of 9-11pc. Brazil also targeted boron-added steel previously used as a workaround to avoid higher tariffs, levying 25pc tariffs on four more steel ... (full story)