The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August 28.
Brazilian producers of slab and billet are now allowed to export up to 60,000 tonnes of such products to the US in October-December; previously, the limit was around 350,000 tonnes.Tons imported into the US during the fourth quarter also must have been contracted prior to August 28 and must receive...