The President announced on March 8 the result of the Section 232 National Security investigation into steel and aluminum imports will lead to an imposition of 25% tariffs on steel imports and 10% on aluminum imports.
The U.S. Department of Commerce published guidelines yesterday for steel and for aluminum requests for exclusion from the tariffs. The Secretary of Commerce will grant exclusions “if the steel and aluminum articles are determined not to be produced in the United States in a sufficient and reasonably available amount or of a satisfactory quality or based upon specific national security considerations.” Also announced was a process for submitting objections to another party’s exclusion request. A member alert was sent to ferrous and nonferrous members on March 19 outlining important information in regards to the guideline. Greater detail about the process is outlined in the Federal Register Notice.
If you missed our webinar last Friday, entitled How Steel and Aluminum Tariffs Affect the Scrap Industry, you can view the complete presentation on ISRI’s Live Learning Center. The webinar discussed the effects of the 232 tariffs on the scrap industry.
Please contact Adina Renee Adler
if you have any questions.