Trade Cases
USTR, Top EU Trade Official to Meet on Steel, Aluminum Agreement
July 14, 2023
US Trade Representative Katherine Tai will travel to Brussels next week to continue discussions on establishing a “Global Arrangement on Sustainable Steel and Aluminum” with the European Union.
Ambassador Tai will be in Belgium on July 20-21 to speak with European Commission EVP Valdis Dombrovskis. This is their second meeting in July, the USTR press office said in a statement on Friday, and “reflects the strong ongoing commitment from the US and the EU to reach consensus on the agreement by the October 2023 deadline.”
Recall that if a deadline is not reached by October, Section 232 tariffs on the EU, suspended since 2021, could resume. This could in return bring retaliatory measures by the EU.
Further details on the USTR’s meetings and events in Brussels will be provided at a later date, according to the statement.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Trade Cases
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...
U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.