Trade Issues
Steel-related trade disputes and actions, including antidumping and countervailing duty orders.
Latest News
Import Pressure Forces Layoffs at W.Va. Tin Mill
18 May 2023 - Cleveland-Cliffs Inc. is laying off approximately 300 people at its Weirton, W.Va., USA, tin mill, blaming competition from unfairly traded imports, according to reports.
Supreme Court Turns Down Challenge to Section 232 Steel Tariffs
27 March 2023 - The U.S. Supreme Court has declined to consider an appeal arising from former President Donald Trump’s Section 232 tariffs on iron and steel, reports the Reuters news service.
India Sets Steel Export Taxes
23 May 2022 - Hoping curb inflation and keep domestic steel prices in check, the Indian government over the weekend raised an export tax on iron ore, imposed a new export tax on a number of steel products and reduced an import tax on certain raw material imports to zero, according to reports.
U.S. Temporarily Suspends Section 232 Tariffs on Ukrainian Steel
10 May 2022 - Secretary of Commerce Gina M. Raimondo announced yesterday the U.S. will suspend Section 232 tariffs on Ukrainian steel for a period of one year.
European Council Agrees on the Carbon Border Adjustment Mechanism
30 March 2022 - The European Council of the European Union (EU) announced earlier this month it had reached agreement on the Carbon Border Adjustment Mechanism (CBAM) regulation, which will cover cement, aluminum, electric energy production, and iron and steel products, among others.
U.S.-U.K. Trade Dispute Comes to an End
23 March 2022 - The United States’ four-year dispute with the United Kingdom over steel and aluminum tariffs ended on Tuesday with the U.K. receiving a duty-free steel import quota of more than 500,000 metric tons, according to the Reuters news service.
U.K. Government Hits Russian Steel Imports With 35% Tariff
16 March 2022 - The U.K. government announced a new wave of economic sanctions against Russia, including a 35% tariff hike on Russian iron and steel imports.
U.S. Commerce Department Sets Preliminary Duties on Russian OCTG Imports
15 March 2022 - On Monday, the U.S. Department of Commerce issued a preliminary determination that affirms Russian exporters of oil country tubular goods (OCTG) received countervailable subsidies.
European Union Bans Key Iron and Steel Imports From Russia
14 March 2022 - The European Union announced last Friday that it will prohibit imports of “key goods in the iron and steel sector” from the Russian Federation, the latest in a series of severe economic sanctions placed on the country in response to its invasion of Ukraine.
U.S. Reaches Deal With Japan to Cut Steel Tariffs
08 February 2022 - The two countries announced on Monday the removal of tariffs on approximately 1.25 million metric tons of Japanese steel imports per year.
U.S. and U.K. to Commence Trade Dispute Talks
20 January 2022 - According to the Reuters news service, the United States and the United Kingdom agreed on Wednesday to begin discussions to resolve their trade dispute over U.S. steel and aluminum tariffs.
New Year Brings New Tariff Quota System for EU Steel Imports
05 January 2022 - New import rules for EU-made steel took effect this week, capping shipments at 3.3 million metric tons before tariffs kick in.
U.S. to Consult With Japan on Addressing Global Excess Capacity
15 November 2021 - The U.S. Department of Commerce announced the beginning of consultations with Japan to address global steel and aluminum excess capacity.
U.S., EU Come to New Agreement on Steel Tariffs
01 November 2021 - The United States and the European Union have reached a deal that will revise the Section 232 tariffs on EU metal products, effectively ending a years-long trade dispute between the two government bodies.
Steel Industry’s Overcapacity Could Trigger Sharp Downturn, Says OECD
27 September 2021 - During its 90th session, the Organisation for Economic Co-operation and Development (OECD)’s Steel Committee warned of potential future downturns if the growth in steel demand slows.
EU Renews Steel Safeguard Measure
30 June 2021 - The European Union is extending the steel import safeguard measures that it put in place following imposition of the U.S. Section 232 tariffs.
Biden Administration Looks to Settle Steel Tariff Dispute by December
15 June 2021 - The U.S. Section 232 tariffs on steel and aluminum will remain in place for the time being, but the Biden administration on Tuesday said it is committed to resolving the dispute with the EU over the tariffs.
Report: Section 232 Tariffs on EU Steel Could Lift By Year’s End
09 June 2021 - The U.S. and the EU could announce a commitment next week to rescind America’s Section 232 tariffs on steel and aluminum and Europe’s retaliatory tariffs that were imposed in response, reports the Reuters news service.
The Biden Administration’s Tariff Dilemma
28 May 2021 - The Biden administration is facing a difficult decision when it comes to the Section 232 steel and aluminum tariffs, reports The Hill.
Section 232 Tariffs Must Remain, Producers Tell Biden Administration
19 May 2021 - U.S. steel producers and the United Steelworkers union are urging the Biden administration to keep in place the Section 232 tariffs on imported steel and aluminum, arguing that they are having the intended effect.
