The International Trade Administration has issued a final rule making the following changes to its Steel Import Monitoring and Analysis system. The ITA states that by allowing for the effective and timely monitoring of import surges of specific steel products these changes will aid in the prevention of steel product transshipment.
- require import license applicants to identify the country where the steel used in the manufacture of the imported steel product was melted and poured
- expand the scope of steel products covered by the SIMA system to all steel products subject to Section 232 tariffs
- extend the SIMA system indefinitely
- expand eligibility for use of the low-value license for certain steel entries from $250 to $5,000
All steel import licenses requested on or after Oct. 13 will have to meet the requirements of this rule and utilize the online license application platform on the new SIMA system website. Licenses requested on or before Oct. 9 will have to meet the requirements of the existing SIMA system and utilize the application platform on the existing website. No licenses can be obtained via the online platform from Oct. 10 through Oct. 12 because the existing website will no longer be operational beginning Oct. 10 and the new website will not be operational until Oct. 13.
The purpose of the SIMA system is to provide steel producers, steel consumers, importers, and the general public with accurate information on anticipated imports of certain steel products roughly five weeks earlier than it would otherwise be available. Under this system steel import licenses obtained through an online system are required for U.S. imports of basic steel mill products. Aggregate import data collected from these licenses are updated weekly and posted here.
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