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
The US green steel market faced minimal activity in the assessment period to Wednesday April 16, with sources reporting an unwillingness among buyers to pay a premium for low carbon steel.
The price was correctly published as scheduled on Thursday April 17. The erroneously published price has since been retracted and regular publication will resume on Friday April 25. For more information on Fastmarkets’ holiday pricing schedule, please visit: https://www.fastmarkets.com/methodology/price-schedules/. This price is part of the Fastmarkets steel package. For more information or to provide feedback on this correction […]
President Trump's recent tariffs, including a 25% levy on imported vehicles, have disrupted the US economy, triggering market turmoil, retaliatory actions and challenges for industries like EVs and battery raw materials. With rising inflation, reduced consumer confidence and a bleak growth outlook, economic pressure continues to mount.
The rush toward steel sector decarbonization was gaining momentum across the world with attempts being made to reduce the effects of emissions on the global ecology, with Europe in the forefront, Fastmarkets heard on Wednesday, April 9.
Read more about Fastmarkets' two new green steel prices
Fastmarkets’ March 2025 forecast lowers global crude steel production to 1.846 billion tonnes, reflecting trade policy impacts and economic uncertainties despite late 2024 production gains in key markets like China and the US.