Brazil expects reduction of steel import quotas under Biden infrastructure plan

U.S. infrastructure plan should increase demand and could reopen the American market for Brazilian steelmakers

RIO DE JANEIRO, BRAZIL - The plan of the President of the United States, Joe Biden, to invest US$ 2.3 trillion in infrastructure, announced last week, raised the expectation of the Brazilian steel industry that Washington may review the quotas that limit the entry of imported steel, imposed by Donald Trump's administration.

Marco Polo de Mello Lopes, president of the Brazil Steel Institute, representing Brazilian steelmakers, notes that the basis for an infrastructure program is steel, "but the American steel industry is not self-sufficient in raw material, and will need to import much more semi-finished steel."

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