A new trade agreement between the US and Zambia has facilitated an increase in the export of steel billets (of uniform circular cross section, not in coils) from Zambia to the US, focusing on industrial applications.
2023-10-15
Impact: This agreement is expected to enhance bilateral trade by reducing tariffs and increasing the volume of steel billet exports to the US, potentially benefiting Zambian producers with a larger market share.
Zambian Steel Billets Face Quality Scrutiny in US Markets
Recent shipments of steel billets from Zambia to the US have undergone stricter quality inspections, causing delays at US ports for products under HS Code classification for uniform circular cross section billets.
2023-09-20
Impact: The increased scrutiny may temporarily slow down trade flows and raise costs for Zambian exporters if compliance issues are not addressed swiftly.
US Importers Seek Alternative Suppliers Amid Zambia Supply Chain Issues
Supply chain disruptions in Zambia have led some US importers to explore alternative sources for steel billets of uniform circular cross section, impacting the steady flow of goods under this HS Code category.
2023-08-05
Impact: This could result in a short-term decline in Zambian exports to the US, pushing Zambia to improve logistics and supply reliability to retain market confidence.
Policy Updates
US-Zambia Bilateral Trade Policy Revision
The US and Zambia have revised trade policies to include specific provisions for steel products, including billets of uniform circular cross section (not in coils), reducing import duties by 5% to encourage trade under this category.
Date: 2023-10-01
Zambian Export Compliance Regulation Update
Zambia introduced new export compliance regulations for steel billets, requiring stricter documentation and quality certifications for shipments to the US to meet international standards under relevant HS Codes.
