Brazil's finance minister Joaquim Levy said Wednesday that the country is considering raising import tariffs for steel goods, in order to protect the local industry.
The comment was made after an Economic Affairs Committee (CAE) of the Senate public hearing.
Levy did not elaborate on which specific products would be subject to the new tariffs or the targeted rates.
Local market participants were positive about the minister's comment. One source noted that "this is a current request from local producers," and added that "[the government] has been very sensitive to it."
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