US-Finland Trade Agreement Boosts Catalytic Converter Material Exports
A recent bilateral trade agreement between the United States and Finland has reduced tariffs on specialized ceramic fiber mats used in catalytic converters, classified under HS 6806.10.00. Finland, a key supplier of these materials, reported a 15% increase in exports to the US in the last quarter.
2023-10-15
Impact: This agreement is expected to enhance the supply chain for US automotive manufacturers, lowering production costs for motor vehicles under heading 8703 and strengthening trade ties with Finland.
Finland Increases Production of Ceramic Fiber Mats for US Market
Finnish manufacturers have ramped up production of catalytic converter needle blanket mats to meet growing US demand. These mats, with over 65% aluminum oxide, are critical for motor vehicle emission systems, and exports under HS 6806.10.00 have risen by 10% year-over-year.
2023-09-20
Impact: The increased production capacity in Finland is likely to stabilize supply for US automotive industries, potentially reducing price volatility for these specialized materials.
US Importers Face Delays in Ceramic Fiber Mat Shipments from Finland
Logistical challenges at Finnish ports have delayed shipments of ceramic fiber mats (HS 6806.10.00) to the United States. These delays have impacted US manufacturers of catalytic converters for motor vehicles, causing minor production slowdowns.
2023-08-05
Impact: Temporary disruptions may lead to short-term supply shortages and increased costs for US manufacturers reliant on Finnish imports for catalytic converter components.
