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Last updated: 1 year ago
News and Updates
Recent News
US-Brazil Steel Trade Talks Progress on Billets
Recent discussions between the US and Brazil have focused on increasing the export of steel billets (HS Code: 7207.11.00) from Brazil to the US, aiming to meet rising demand in the American manufacturing sector.
2023-10-15
Impact: This could lead to an increase in Brazilian billet exports to the US, potentially strengthening trade ties and reducing US reliance on other steel suppliers.
US Imposes Temporary Quota on Brazilian Steel Billets
The US Department of Commerce announced a temporary quota on imports of steel billets of uniform circular cross-section (HS Code: 7207.11.00) from Brazil to protect domestic producers amidst market fluctuations.
2023-09-20
Impact: The quota may restrict Brazilian exports, potentially causing a short-term decline in trade volume and affecting Brazilian steel producers.
Brazilian Steel Billets Gain Traction in US Market
Brazilian steel billets (HS Code: 7207.11.00) have seen increased demand in the US due to competitive pricing and quality, as reported by industry analysts.
2023-08-05
Impact: This trend is likely to boost bilateral trade, encouraging Brazilian exporters to scale up production for the US market.
Policy Updates
US Revises Import Monitoring for Steel Billets
The US International Trade Administration has updated its monitoring system for steel imports, including billets of uniform circular cross-section (HS Code: 7207.11.00), requiring more detailed reporting from Brazilian exporters to ensure compliance with trade agreements.
Date: 2023-10-01
Brazil-US Trade Agreement on Steel Products
A bilateral agreement was signed to manage the trade of steel products, including billets (HS Code: 7207.11.00), setting annual export limits from Brazil to the US to avoid market disruptions while ensuring steady supply.
