⚙️New Duties on Steel Imports and Derivatives Under U.S. Regulation
Implementation of Duties on Steel Pursuant to Proclamation 10896 Adjusting Imports of Steel Into the United States
Summary
In the Proclamation of February 10, 2025, Adjusting Imports of Steel into the United States (Steel Presidential Proclamation), the President imposed specified rates of duty on imports of steel. That Proclamation authorized and directed the Secretary of Commerce to publish modifications to the Harmonized Tariff Schedule of the United States (HTSUS) so that it conforms to the amendments and effective dates in the Proclamation. The Bureau of Industry and Security (BIS) published a notice, Implementation of Duties on Steel Pursuant to Proclamation 10896 Adjusting Imports of Steel into the United States, on behalf of the Secretary of Commerce on March 5, 2025, that fulfilled this directive. The revised HTSUS was set out in Annex 1 to the March 5 notice. In this notice, BIS revises Annex 1 to add additional steel derivative products.
Agencies
- Commerce Department
- Industry and Security Bureau
Business Impact
$$$ - High
The regulation outlines new duty rates on imported steel and adds steel derivative products to the Harmonized Tariff Schedule, impacting costs for businesses in manufacturing and trade sectors reliant on steel. The duty on these products affects pricing, compliance, and import strategies for affected businesses.