Steel Products
Steel Tariff Country Exclusions Extended
Written by John Packard
May 1, 2018
Trade attorney Lewis Leibowitz provided Steel Market Update information regarding the White House decision made earlier this evening (Monday) regarding exclusions for various countries from the Section 232 steel and aluminum tariffs. Here is what Leibowitz had to say:
At about 10:00 PM on Monday evening (tonight), the White House announced that tariffs would not be imposed on those countries (Argentina, Australia, Brazil, Canada, the EU, Korea and Mexico) on May 1. I have not seen an amended proclamation, but I expect one will be issued soon.
For Canada, Mexico and the EU, the reprieve will last until June 1, giving time to reach agreement on quotas or other arrangements. For Argentina, Brazil and Australia, agreements in principle were announced, but details were not provided. Korea had previously announced a quota agreement for steel that will eliminate the possibility of tariffs.
No new exemptions were announced, so tariffs will remain in effect for all other countries.
Steel Market Update will have more about Section 232 and the exclusion process both by country as well as individual products being requested by U.S. steel consummers. Stay tuned to our website and newsletters.
John Packard
Read more from John PackardLatest in Steel Products
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.