Trade Cases
ITC to Assess GHG Emissions in Domestic Steel, Aluminum
July 6, 2023
The US International Trade Commission (ITC) said Wednesday it is conducting a fact-finding investigation to assess the greenhouse gas (GHG) intensity of steel and aluminum made in the US.
This is in response to a letter sent by US Trade Representative Katherine Tai on June 5 requesting a Section 332 investigation in the midst of ongoing negotiations between the US and EU on a Global Arrangement for carbon emissions in the steel and aluminum industries.
In a press release, the ITC said it expects to submit its report by Jan. 28, 2025. A public hearing in connection with the investigation will be held on Dec. 7, 2023 at 9:30 a.m. ET.
The ITC noted, as requested, it will provide GHG emissions intensity estimates of steel and aluminum produced in the US by product category and production stage in 2022.
Recall that the US and EU are trying to hammer out an arrangement by October of this year. If no agreement is reached, the Section 232 tariffs on EU products lifted by the US in October 2021 could be reinstated.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Trade Cases
Leibowitz: Renewed trade war with China over rare earths
On Oct.10, President Trump announced major increases in tariffs on Chinese goods. The trigger was a new regime of export controls on rare earth metals and products using those elements, including magnets, capital equipment, and catalysts for catalytic converters in cars and trucks.
Industry piles on new Section 232 steel derivative inclusion requests
The Department of Commerce received 97 submissions from producers, manufacturers, and groups seeking Section 232 tariff coverage for steel and aluminum derivative products.
Price on Trade: New EU steel tariffs don’t mean the US should weaken its stance
Any steel imports into the EU that exceed the new, lower quota level would be subject to a 50% tariff, which represents a major increase from the EU’s current 25% out-of-quota tariff. This move would largely align the EU’s steel tariff rate with Canada and the United States.
Global steel forum sets 2026 framework deadline as US ups pressure on excess capacity
Global steelmakers sounded the alarm Friday over the deepening excess steelmaking capacity crisis. Ministers at the Global Forum on Steel Excess Capacity (GFSEC) in Gqeberha, South Africa, pledged to...
CRU: China’s indirect steel exports find new destination markets
The boom in China’s direct steel exports has not stopped this year, even with a rise in protectionist measures globally. The increase is driven by...