Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

US adopts final steel import monitoring rules

Agriculture | Energy | Coal | Electric Power | Natural Gas | Oil | Metals | Petrochemicals | Shipping

2020 US Elections


Platts World Steel Review

Commodities | Metals | Steel | Materials | Building & Construction | Financial Services | Macroeconomics

Steel Markets North America Conference, 16th Annual

Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Refined Products

Western US Gulf of Mexico evacuations beginning ahead of tropical storm

US adopts final steel import monitoring rules


System modernized to counter evasion

New SIMA system to be online Oct. 13

Pittsburgh — The US Department of Commerce adopted a final rule Sept. 11 to modernize the Steel Import Monitoring and Analysis (SIMA) system, it said in a statement.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The regulatory changes adopted in the final rule will require steel import license applicants to identify not only the country of origin, but also the country where steel used in the manufacture of the imported product was melted and poured.

It also expands the scope of steel products subject to the import licensing requirement to include all products subject to Section 232 tariffs, and extends the SIMA program indefinitely, Commerce said.

The final rule also codifies the existing low-value license requirement for certain steel entries up to $5,000, according to Commerce.

The updates come as the US, Canada and Mexico agreed in May 2019 to step up efforts to monitor for steel import surges amid negotiations for the updated US-Mexico-Canada Agreement. Under the agreement, the US may treat products made with steel that is melted and poured in North America separately from products that are not.

Commerce plans to roll out a new online platform for SIMA Oct. 13.

"The updated SIMA will offer free, modern data analytic tools to the public for performing detailed, customized data analysis," Commerce said. "These tools will aid in the identification of changing trade patterns and surges in U.S. imports of steel products, as well as potential circumvention and evasion."