President of the Board of Directors of the Steel Brazil Institute, André Gerdau Johanpeter, says that situation can lead to layoffs and postponement or cancellation of investments
Steel industry entrepreneurs are concerned about increasing imports, especially from, and the effects of the tariffs imposed by. André Gerdal Johanpeter, chairman of the Board of Directors of the Steel Institute Brazil, said this situation could lead to layoffs and postponement or cancellation of investments.
The main points of concern are:
- Increased imports: Steel imports grew 40% this year, with Asian prices being considered unfair;
- High idleness: The sector operates with a idleness of 35%, an index considered far above the ideal of 20%;
- American rates: The tariffs imposed by the government of Added to existing regular and overcutting rates, which apply to products sold below market value;
Despite recognizing the efforts of the Brazilian government, Steel Brazil considers that the sector is undergoing a “predatory attack” and emphasizes the urgent need for Brazil to more effectively use trade defense mechanisms to preserve the capacity of the sector to contribute to the country’s development.
*With information from Misael Mainetti
*Report produced with the aid of AI
