Brazilian trade federation Fecomercio is fighting a proposal to
tax ferrous scrap exports, Brazils institute of iron and
steel scrap companies, Inesfa, said.
"The establishment of a scrap
export duty goes against the development of national commerce,
is contrary to the policies to generate job positions and
income and is unfavorable to both environment and society,"
Fecomercio president Abram Szajman said.
association IABr proposed the tax in a letter to the
countrys foreign trade ministry last year, arguing that
it would work as a reciprocal measure against countries that
impose taxes on their scrap exports.
Inesfa believes the tax would
inhibit exports, causing excess scrap to build up in Brazil and
leading to price declines in the countrys domestic
In February, the Brazilian trade
ministry requested more time to "deepen (its) technical
analysis" related to IABrs request.
A version of this article
was first published by AMM sister publication Steel