The Brazilian foreign trade system, Siscomex, approved a new round of quotas that will be allowed for import at regular tax rates, between 9 percent and 16 percent. Volumes exceeding the quotas are subject to a 25 percent import tax.
The total volume approved on 26 June, with validity until 25 October 2026, is 394,657 metric tons (mt), comparable to the round of 445,469 mt expired in June.
The current round covers plates in coils, HRC, CRC, zinc coated, galvalume and wire rod.
The volumes allowed are the following:
Plates in Coils: 900 mt
HRC: 25,285 mt
CRC: 54,375 mt
Zinc Coated: 144,285 mt
Galvalume: 147,038 mt
Wire rod: 22,774 mt.
A preliminary review showed that on 22 July, the utilization of the quotas reached 38.5 percent.
