ITAC have imposed many duties on steel (both primary steel produced mainly by ArcelorMittal, but also downstream steel products) over the last 3 years. We see increasing numbers of these investigations, with many yielding very large increasing duties. It is heartening to see ITAC reviewing the impact of these duties on one of the sectors impacted by these duty changes.
The tariff codes being covered by this review are 7210.41, 7210.49, 7212.30, 7210.61, 7210.90, 7225.99, 7210.70 and 7212.40.
It is important for all companies impacted by these duties to respond to the review, whether the impact has been positive or negative so that ITAC can properly assess the decisions they have implemented. It is extremely unusual to impose so many duties as far upstream as has happened in the steel sector and modelling the impact is extremely difficult to do. Responding to such reviews allows ITAC to recalibrate their decisions and doing complete responses is thus critical.
Interested parties have until 20 September 2019 to respond.
If you require assistance, please contact us on email@example.com.