- The Straight Wire
Costs associated with importing to the United States for steel products
Updated: Jan 27
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We could submit the ISF(Importer Security Filing)on buyer's behalf, as we are set up as domestic importer too. U.S. Customs requires that it is filed at least 24 hours before the vessel is loaded.
Steel imports must have a steel license. We can apply for this on the importer’s behalf through our brokers.
On China origin steel under 7217.10 and 7215.50, there is a partial reduction of the additional China tariff. It is 7.5% (as opposed to the 25% China Tariff). Note that other headings may be subject to the 25% China tariff. Please check with us for your product name.
On steel imports originating anywhere except Canada and Mexico, there is a 25% additional steel tariff under Section 232.
7.5% - China tariff based on value of commercial invoice excluding transport costs
25% - Steel tariff based on value of commercial invoice excluding transport costs
General U.S. taxes
.3464% of value of commercial invoice – U.S. Customs’ Merchandise Processing Fee (MPF) - Min $29.66 Max $575.35
.125% of value of commercial invoice – U.S. Customs’ Harbour Maintenance Fee (HMF)
Import entry fees
$75.00 – ISF / per B/L
$200.00 – U.S. Customs’ clearance / per B/L
$150.00 – Steel License / usually valid for an amount of product (value or tonnes)
Customs Surety Bond
$450.00 Customs Surety Bond, unless the importer already has one. We already have this so you don't need to get one. It is good for a year, subject to renewal upon expiry.
2% - Disbursement Fee on the amount of duty and fees paid to U.S. Customs
Example Product we have under this regime: