US Steel Groups Focused On Trade Enforcement, Decarbonization



Hellenic Shipping News

Enforcing US trade laws and continuing decarbonization efforts in steelmaking are the top priorities for the US steel industry heading into 2022, according to the leadership of the two largest groups representing the industry.

Potential changes to the Section 232 tariff program are of major concern as the US continues discussions with countries on alternative schemes to the tariffs in 2022. In October, the US reached an agreement with the EU to establish a tariff-rate quota, or TRQ, on steel import from the region, with the change taking effect Jan. 1.

The US Trade Representative’s office also has been in discussions with Japan and the UK regarding the tariffs, introduced by former President Donald Trump in March 2018.

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