Licensing Update for US Steel Importers
The U.S. Department of Commerce (DoC) published a final rule modifying the Steel Import Monitoring and Analysis (SIMA) system regulations, including the steel license application. The modifications go into effect on October 13, 2020, and are relevant to Trans-Border customers who import steel and steel-fabricated products to the U.S.
The most relevant modification for our customers stipulates that importers must now identify the country where the steel used in the manufacture of the imported steel product was melted and poured (the country of melt and pour). The steel import license application has been amended to include a new field for the country of melt and pour and our Customs House Brokerage team will be in touch if your products are impacted.
The Steel Import Monitoring and Analysis (SIMA) system collects and publishes early warning data of steel mill product imports. This information provides stakeholders valuable information on steel trade with the United States and is achieved through several tools, including the steel licensing program.
You can view the full announcement from the Department of Commerce here.
Trans-Border will continue to monitor the situation. If you have any questions, please reach out to Bill Carey, Import Compliance Manager, at email@example.com or (800) 493-9444.