trending Market Intelligence /marketintelligence/en/news-insights/trending/Mf_TtpVvmSl0AmLWvxi8cg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Tariff exclusion process puzzles US steel importers, producers

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Tariff exclusion process puzzles US steel importers, producers

Steel and aluminum importers and manufacturers are puzzled with the inconsistencies and the rapid process changes for securing exclusions from the tariffs imposed on the commodities, The Wall Street Journal reported Jan. 2.

Importers are demanding exclusion for steel products they claim are not available in the U.S.

The U.S. Commerce Department has approved about 75% of the 19,000 requests it processed to exclude imported steel products from tariffs as of Dec. 17, 2018, the report said.

The department has allowed tariff-free entry of 3.8 million tonnes of steel, or about 16% of finished foreign steel that entered the U.S. through 11 months of 2018.

About 9,000 pending exclusion requests are facing over 15,000 objections by U.S.-based steel companies. Most of the objections are coming from Nucor Corp., U.S. Steel Corp., AK Steel Holding Corp., TimkenSteel Corp. and Webco Industries Inc., which say they have comparable or identical products to what the importers need. The WSJ cited several domestic suppliers as saying the exclusion request process appears to be random and inconsistent.

The Commerce Department is also revising its exclusion request process to speed up decisions. In response to allegations of inconsistency in the rejection process, the agency said it treats every request and objection fairly.