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Steel Wire Rod Quota Update

Steel Wire Rod Quota Update. Presentation for the American Wire Producers Association February 26, 2002 U.S. Customs Service Steel Monitoring Center Chicago. Steel Wire Rod TRQ of 2000. Quota year was divided into quarters with assigned quota for first three quarters.

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Steel Wire Rod Quota Update

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  1. Steel Wire Rod Quota Update Presentation for the American Wire Producers Association February 26, 2002 U.S. Customs Service Steel Monitoring Center Chicago

  2. Steel Wire Rod TRQ of 2000 • Quota year was divided into quarters with assigned quota for first three quarters. • Any unused allocation from the first three quarters was available for 4th quarter. • Any amount over quarterly quota was subject to additional duty.

  3. Steel Wire Rod TRQ of 2000 • Over Quota rates were set at • 10.0% for the first quota year • 7.5% for the second year • 5.0% for the third year • The allowable quota was indexed to increase by 2% for years two and three. • New HTS numbers as well as 9903 quota quarter numbers were instituted.

  4. Steel Wire Rod TRQ of 2000 • Steel Wire Rod Exclusions to Quota • Tire Cord • Automotive Valve or Brake Spring • Class III Pipe Wrap • Aircraft Quality Cold Heading • Aluminum Cable Steel Reinforced • Piano Wire String • Grade 1085 Annealed Bearing • 1080 Tire Bead Wire

  5. Steel Wire Rod - Tariff Rate Quota Data for All Quarters For Quota Year Beginning 3/1/00

  6. Quarter Statistics Updated - April 2001 Quota Limit = 477,783,962 KGS/QTRQuota Year Beginning 3/1/00 Quota Year Quarter

  7. Successes and Opportunities to Improve Awareness of Details Creating Monitoring Systems Understanding the Exclusions

  8. Second Quota Year to December 2001

  9. 2nd Quota Year (3/1/2001-2/28/02)Quota limit = 487,339,641Kg/Qtr Note: 4th Quarter began 11/24/01

  10. Changes of November 2001 - Imposition of Country Quotas • Effective November 24, 2001, the remaining quota available for the 4th quarter of the current quota year (March 1, 2001 through February 28, 2002) will be allocated as follows: • EU - 28.161% • CIS - 12.616% • Trinidad and Tobago - 16.554% • All other countries - 42.669%

  11. Historical Trends by Country Sector First Two Quota YearsData through 11/2001 Quota Quarter Data: ITC DataWeb

  12. Changes for the 3rd Quota Year • For the quota year beginning March 1, 2002, • quota levels are identical for each of the four quota quarters: • March 1 through May 31, 2002; • June 1 through August 31, 2002; • September 1, 2002 through November 30, 2002; • December 1, 2002 through March 1, 2003.

  13. More Changes for the Third Quota Year • The quarterly quota levels for each of the four regions/countries are as follows: • European Union - 104,987,486 Kg • Trinidad and Tobago - 61,716,789 Kg • CIS states - 47,034,377 Kg • All other countries - 159,076,170 Kg • Any unused quota amounts in any one quarter are lost.

  14. Challenges of 3rd year • Claims for Excluded Products will still need to be verified. • Country of Origin becomes a critical factor and may be verified. • Once the quarter is closed, there is no carry-over to the next quarter.

  15. Questions? For more information: The Chicago Strategic Trade Center 610 S.Canal St. Suite 850 Chicago, IL 60607 Customs Website: www.customs.gov Susan Dyszel 312-983-5332 email: susan.dyszel@customs.treas.gov

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