The Brazilian industry and foreign trade ministry's commerce chamber, Camex, has announced that it has reduced the import duty for heavy plates from 12 percent to two percent due to supply shortage in the domestic market.

The cut in import duty on heavy plates with a thickness exceeding 10 mm will be valid for 180 days with a quota of 122,000 mt.

The product in question currently falls under the Customs Tariff Statistics Position Number 7208.51.00.