Tariff Quote Watch: BlueScope Loves Australian Steel Exemption — Panjiva


Tariff Quote Watch: BlueScope Loves Australian Steel Exemption

Australia 87 Materials - Metals/Mining 483 Metals - Steel 361 Tariff Quote Watch 92 Tariffs 1172 U.S. 3306

Australia’s BlueScope Steel may have benefited from U.S. steel import duties. CEO Mark Vassella has indicated the program was “resolved in BlueScope’s favor” as a result of the exemption granted to Australian steel exporters. That’s yet to be seen in seaborne imports associated with the company which fell 22.4% on average since April through October vs. the prior 12 months. There may have been a more recent pickup with a 127% increase in the three months to Oct. 31 sequentially of the firm’s wide-gauge, flat-rolled non-alloy steel.

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