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    Analysis

    October 23, 2023

    South Korea, Brazil Won’t Max Out HRC Quotas This Year

    Written by Laura Miller

    South Korea and Brazil will not be maxing out their allowable quotas on hot-rolled sheet shipments to the US for 2023, according to government data analyzed by SMU.

    Steel imports from the two nations are exempt from the traditional Section 232 tariffs. Instead, they are subject to absolute, or “hard,” quotas. Those are annual quotas divided up into quarterly allotments, with volumes determined separately for individual steel products. Once their thresholds are reached, no more of those products can be brought in until the quota refreshes on Jan. 1. Additionally, there are quarterly limits that cannot exceed 30% of the annual limits.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

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