USA adopts final rules for monitoring steel imports

The US Department of Commerce passed the final rule on the modernization of the Steel Import Monitoring and Analysis (SIMA) system on September 11, Commerce said in a statement.

The regulatory changes adopted in the final rule will require applicants for an import license to indicate not only the country of origin, but also the country in which the steel used in the manufacture of the imported product was smelted and poured.

It is also expanding the scope of steel products subject to import licensing requirements to all products subject to Section 232 tariffs and extending the SIMA program indefinitely, Commerce reported.

According to Commerce, the latter rule also codifies existing low cost license requirements for certain steel items up to $ 5,000.

The updates come after the United States, Canada and Mexico agreed in May 2019 to step up efforts to track the surge in steel imports amid talks on a renewed agreement between the United States, Mexico and Canada. Under the agreement, the US may treat items made from steel that is melted and cast in North America separately from items that are not processed.

Commerce plans to launch a new online platform for SIMA on October 13th.

“The revamped SIMA will offer the public free, state-of-the-art data analysis tools to perform detailed individual data analysis,” Commerce said. “These tools will help in identifying changing trade patterns and surges in US steel imports, as well as potential circumvention and avoidance.”

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