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Last updated: 1 year ago
News and Updates
Recent News
US Imposes New Tariffs on Mongolian Alloy Steel Imports
The United States has announced a new tariff on flat-rolled products of other alloy steel (HS Code: 7226.92) from Mongolia, citing unfair trade practices. This affects products with a width of less than 600 mm.
2023-10-15
Impact: This tariff is likely to reduce Mongolian exports of alloy steel to the US, increasing costs for US importers and potentially shifting sourcing to other countries.
Mongolia Seeks Trade Agreement with US to Ease Steel Tariffs
Mongolian trade officials have initiated discussions with the US to negotiate exemptions or reduced tariffs on flat-rolled alloy steel products under HS Code 7226.92.
2023-09-20
Impact: If successful, this could stabilize trade flows and benefit Mongolian exporters while maintaining supply for US manufacturers.
US Steel Industry Raises Concerns Over Mongolian Imports
US domestic steel producers have raised concerns about the influx of low-cost flat-rolled alloy steel from Mongolia, prompting calls for stricter import controls on products under HS Code 7226.92.
2023-08-05
Impact: Increased scrutiny may lead to tighter regulations or quotas, potentially disrupting Mongolian exports to the US market.
Policy Updates
US Department of Commerce Tariff Adjustment
The US Department of Commerce has updated tariffs on flat-rolled products of other alloy steel (HS Code: 7226.92) from Mongolia, imposing a 15% duty effective November 1, 2023, to protect domestic industries.
Date: 2023-10-10
Mongolia's Export Subsidy Review
Mongolia has announced a review of export subsidies for alloy steel products, including HS Code 7226.92, in response to international pressure and trade disputes with the US.
