IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 11 Feb 2016 | Removal date: 11 Aug 2018
Still in force

State loan

On 11 February 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 173.8 million (circa USD 43.8 million) loan allocated to the local metal manufacturer Companhia Siderurgica Nacional. The objective of these resources is to develop a new more environmentally friendly steel product for the automotive industry that will help to reduce fuel consumption.

The repayment deadline for the credit has been set up on 11 August 2018.


FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.

The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7210 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, clad, plated or coated.
721049 Other
721070 Painted, varnished or coated with plastics
7216 Angles, shapes and sections of iron or nonalloy steel.
721631 U sections
721632 I sections
721633 H sections
721640 L or T sections, not further worked than hotrolled, hotdrawn or extruded, of a height of 80 mm or more
7217 Wire of iron or nonalloy steel.
721710 Not plated or coated, whether or not polished
7225 Flatrolled products of other alloy steel, of a width of 600 mm or more.
722592 Otherwise plated or coated with zinc
7227 Bars and rods, hotrolled, in irregularly wound coils, of other alloy steel.
722790 Other
7304 Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel.
730429 Other
429 Other fabricated metal products
7312 Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated.
731210 Stranded wire, ropes and cables

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