Brazil's government recently raised the import tariff on steel to 25% for selected products, positioning Usiminas, Brazil's largest steel producer, to potentially thrive.
As global trade shifts, this increase, targeting specific steel items, is set to significantly alter the competitive dynamics favoring domestic companies.
Usiminas, particularly dominant in the national market for rolled steels, sees this as an opportunity to recover from the heavy competition it faced from Chinese imports.
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