US suspends Ukraine Section 232 duties

Section 232 duties on steel products from Ukraine will be suspended for one year, the Biden administration announced on Friday, May 27

The suspension will apply to products imported on or after 12:01am Eastern Daylight Time on June 1, according to a proclamation issued by the White House Briefing Room.

The suspension also applies for the same duration to derivative steel products from Ukraine that would be covered by Section 232.

The terms of the suspension place Ukraine under the same Section 232 exemption status as Australia, Canada and Mexico, according to a statement issued by Steven Baker, customs committee chair of the American Metals Supply Chain Institute.

The Section 232 exception does not remove existing anti-dumping duties, including those against rebar, hot-rolled flat products, wire rod, oil country tubular goods, prestressed concrete stand and seamless pipe, Baker said.

“Apart from duty concerns, export of steel from Ukraine is also affected by other issues including damaged mills, reduced production, and significant shipping concerns,” Baker said.

Ukraine shipped 130,636 tonnes of steel to the United States in 2021, according to US Census Bureau data. This tonnage represents 0.46% of the total 28,576,767.60 tonnes of foreign steel sent to the United States in 2021.

What to read next
Fastmarkets has amended the specifications for its CFR Europe flat steel import price assessments to better reflect the most typical sizes of spot market transactions. Following the consultation, which ended on Wednesday December 24, Fastmarkets amended the specifications for its CFR Europe flat steel import price assessments on Wednesday December 31. Based on feedback from market […]
Fastmarkets’ pricing database has been updated. The following prices were published with a delay of 1 day: MB-STE-0105 Steel hot-rolled coil import, cfr main port Turkey, $/tonne MB-STE-0106 Steel cold-rolled coil import, cfr main port Turkey, $/tonneMB-STE-0107 Steel hot-rolled coil export, fob main port Turkey, $/tonneMB-STE-0108 Steel hot-rolled coil domestic, exw Turkey, $/tonneMB-STE-0109 Steel cold-rolled coil domestic, exw Turkey, $/tonneMB-STE-0110 Steel hot-dipped […]
Fastmarkets has corrected its assessment for MB-STE-0923 flat steel reduced carbon emissions, daily inferred, exw China on December 24.
Fastmarkets has corrected its assessment for MB-STE-0154 steel hot-rolled coil domestic, ex-whs Eastern China on December 24.
Fastmarkets will amend the specifications for its CFR Europe flat steel import price assessments to better reflect the most typical sizes of spot market transactions.
Fastmarkets is clarifying the holiday pricing calendar for its price assessments for Turkey flat steel and slab.