The U.S. government has made two changes to the section 232 (national security) tariff package for steel in order to better protect the industry in the wake of COVID-19. The timing suggests that pre-election considerations may have played a part for the Trump administration. In the first move, the remaining quota for imports of semi-finished steel from Brazil for the rest of 2020 has been cut by 80% and will be revised for 2021. Brazilian exports of the products covered to the U.S., led by shipments linked to Ternium, already dropped by 43.7% year over year in Q2 as a result of the pande...