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U.S. Section 201 Steel Remedies and Excluded Developing Countries with Exceptions

Tuesday, 05 March 2002 20:27:00 (GMT+3)   |  
       

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.