A decade has passed since Operation Car Wash (Lava Jato), Brazil’s landmark crackdown on corruption, began shaking the political landscape. The operation led to the conviction of numerous high-profile figures, recovering approximately 4.3 billion reais ($830 million) for public coffers. Now, following the Supreme Court’s controversial reversals of key decisions, some figures are actively planning […]
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Usiminas Gains Most from Steel Trade Protection in Brazil
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 […]
