U.S. Section 201 Steel Remedies and Excluded Developing Countries with Exceptions
The Bush Administration announced temporary safeguard measures. These measures will remain in place for three years. The remedies are as follows:Slab Year 1 : Quota 5.4 million short tons Over-quota tariff 30% Year 2 : Quota 5.9 million short tons Over-quota tariff 24% Year 3 : Quota 6.4 million short tons Over-quota tariff 18% Tariff Tariff Tariff Others Year 1 Year 2 Year 3 Plate 30% 24% 18% Hot rolled 30% 24% 18% Cold Rolled 30% 24% 18% Coated 30% 24% 18% Hot rolled bar 30% 24% 18% Cold-finished bar 30% 24% 18% Rebar 15% 12% 9% Welded tubular Products 15% 12% 9% Carbon and Alloy Fittings and flanges 13% 10% 7% Stainless steel Bar 15% 12% 9% Rod 15% 12% 9% Wire 8% 7% 6% Tin mill products 30% 24% 18%NAFTA and Free Trade Agreement partners (Israel, Jordan...) excluded. Imports from developing countries are also excluded, provided the total imports of that certain product from developing countries shall not exceed 9% of the total imports of the product, and imports from a certain developing country shall not exceed 3% of the total imports. Developing countries not excluded from remedy are; - Brazil for slabs and other flat products - India for carbon flanges - Moldova for rebar - Romania for carbon flanges - Thailand for carbon flanges and welded pipe - Turkey for rebar - Venezuela for rebar Excluded countries with above exceptions include the following countries: Albania, Argentina, Brazil, Bulgaria, Chile, Czech Republic, Egypt, India, Indonesia, Latvia, Moldova, Morocco, Philippines, Poland, Romania, South Africa, Thailand, Trinidad and Tobago, Turkey and Venezuela amongst others.