Section 232 EU Aluminum and Steel Interim Tariff Rate Quota Notice Issued
On December 26, 2023, U.S. Customs and Border Protection (CBP) announced a 2024 interim notice on Section 232 Aluminum Articles and Steel Mill Articles of European Union (EU) Member Countries.
The quota period will start January 2, 2024 at 12:01am Local Port time.
2024 EU aluminum and steel tariff-rate quota entries will be put in a "Hold" status, allowing entries for quota type merchandise to proceed. All properly filed entries will receive a "Quota Pending" message. When the quota “Hold” is released, the quota will be accepted on a first-come, first-served order based on the quota presentation dates of entries entered on hold. Quota limits will be filled chronologically until one or more entries with the same time stamp exceed programmed limits. These entries will be prorated. Entries with later presentation dates will be rejected to be refiled as over-quota entries.
The trade should proceed following existing 2023 guidance until the 2024 program is finalized.