Overview
- Decree 930/2025, published in the Boletín Oficial, prolongs the 0% export duty regime first set in October, now in force until March 31, 2026.
- The suspension applies to shipments of steel, aluminum and derivatives destined for countries that impose import tariffs of 45% or higher.
- Coverage links the measure to the United States lifting average import duties on these metals to about 50% this year under President Donald Trump.
- A broader trade agreement with the United States, previously anticipated in early December, is now expected in mid-2026, leaving longer-term access unresolved.
- Industry conditions remain weak, with 2025 steel exports at 360,600 tonnes, down 32% year on year, while some reports note unconfirmed plans for a longer extension through end-2026.