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    Government/Policy

    June 15, 2017

    Section 232 TRQ Possibilities

    Written by John Packard

    One of the suggestions being floated within the steel industry is that Wilbur Ross will recommend some form of TRQ (trade rate quota) system whereby quotas are set up based on an average period of time. To help our readers imagine what that might mean we have taken two periods of time on galvanized steel imports and provided what the average would look like.

    The first table is based on imports for five years starting with the last year we have a full year’s worth of data (2016) and then looking at the previous four years to come up with a 5-year monthly average. As you can see from our first table the 5-year monthly average for 2012-2016 is 2,769,247 tons per month.

    John Packard

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