US DOC revises Section 232 steel and aluminum tariff exclusion process

Wednesday, 16 December 2020 17:52:53 (GMT+3)   |   Istanbul

The US Department of Commerce’s (DOC) Bureau of Industry and Security has published an interim final rule that changes aspects of Section 232 exclusion process on tariffs of imports of aluminum and steel.

The DOC stated that it aims to create a more efficient method for approving exclusions. The new method will result in an estimated immediate decrease of 5,000 exclusion requests annually, causing an improvement in efficiency.

According to the report, some exclusion requesters may have requested more volume than they have needed for their own operations compared to their past usage.

The Section 232 measures started to be implemented in 2018 and have been revised since then. Canada and Mexico are excluded from Section 232 due to free trade agreements, while Brazil and South Korea are subject to quotas.  

Most Recent Related Articles

Nucor Steel orders endless billet welder and spooler line from Danieli

BHP Billiton invests in reducing emissions in steelmaking

US iron ore output up 6.1 percent in October from September

US imposes new sanctions on Iranian steelmakers

Nucor starts operations at rebar micro mill in Florida