Brazil's steel import quotas have experienced a modest increase in utilization, with 78% of the total 529,113 metric tons used by December 16, 2024, up from 74% on November 25. The quotas, valid until January 31, 2025, allow imports at a tax rate of 12.5%, while exceeding imports will incur a 25% tax. Notable increases include cold-rolled products at 74% and wire rods at 69%. These measures aim to protect local producers amid rising imports, particularly from China, as Brazil faces challenges with declining import volumes due to higher tariffs.