b'MARCH 14 - APRIL 3, 2022BREAKBULK QUARTERLY 21(REVEALEDcontinued from page 15)for carbon intensity. Theresult,however,isthatthe TRQforJapan,accordingtoLin-cicome,hasbeensetevenfurther below the amounts that would likely enter the U.S. today in the absence ofanytraderestrictions.Japanese steel imports averaged over two-mil-liontonsduringthepre- dutytime-framebetween2015and2017,a period that was experiencing far less industrial demand than today. Thus, Lincicome concluded, the new TRQ level is, at best, set at a paltry 61% of current U.S. market demand and probably much lower than that. The resultwillbetokeepU.S.steel prices high, leaving steel- consuming American manufacturers at a signifi-cant disadvantage versus their global competitors.i MPaCt ofus d eMand fors teel customs brokers&freight forwardersForU.S.industriesrepresentedwww . jfmoran.com: 800.944.1041by the Coalition of American Metal Manufacturers and Users (CAMMU), the TRQ scheme is unworkable even under the more generous EU agree-ment,where,accordingtoastate-ment,somesteelproductsquotaPCB APRIL\x01filled up for the year in the first two weeks of January as large companies stockpiled product. This type of gov- 67\x01ernment restriction on raw materials, the statement added, leads to market202 2manipulations and allows for gaming of the system that puts this countrys smallest manufacturers at an even fur-ther disadvantage. Project Cargo . BreakbulkMeanwhile,theBidenadminis- GRB CONVENTIONtrationsinfrastructureprogramwillCENTERlikely goose domestic steel demand.CONFERENCE & EXHIBITION HOUSTON TX USAJustaboutanyinfrastructureproj-ect,suchasenergy,rail,roads,and bridges,saidEdBastian,direc-torglobalsalesatBBCCharteringTHE PREMIER EVENT FOR USA,anoperatorofmulti-purposeFUTUREandheavyliftvessels,willrequire significantamountsofsteelmanu-facturedgoods.The$300million manufacturingplantbeingbuiltatPROJECTS:thePaulsboroMarineTerminalin NewJerseytoprovidemonopiles for regional offshore wind farms, for example,willrequire150,000tons ofimportedsteelannuallytomeet its customers demands, according to Brendan Dugan, the assistant execu- LOGISTICS PROCUREMENT tive director of the South Jersey Ports Corporation (SJPC). FROM A PROJECT OWNERS The infrastructure bill does pro- PERSPECTIVEvideaBuyAmericanprovision, notedBastian.However,thereare alsoprovisionsforawaiversystem and other cost thresholds which couldDesigned For Project open the door for foreign suppliers. But imported steel will still be subjectOwners And Specialized toexistingtariffs,includingtheEULogisticiansand Japan TRQs, should import vol-umesexceedthelevelsspecifiedin the respective agreements. PCB Future Projects is a conference and exhibition developed with input from the project cargo and breakbulk community.Itsworthnotingthattheimpo- Our mission is to create a more targeted and customer-focused sition of the Section 232 tariffs wasevent experience for visitors, speakers and exhibitors.basedonsuspectnationalsecurityJoin market leading exhibitors that have asked for and helped assertionsbytheformerpresident.to create an event that provides tangible return on investment.No country involved in either of these agreementshasrepresentedasecu-rity threat to the U.S. since the end ofWorldWarII,makingthetariffs ill-advisedfromtheget-go.So,its unfortunate,fromthatperspective, that the Biden administration has seen fit to continue the tariffs in any form. The PCB Houston floorplan is now open But Biden had to navigate betweenand space is limited PCBtwoimportantpriorities:mending relationshipsimperiledbyTrumpVisit www.pcb-expo.com to learn more. Project Cargo . Breakbulk(REVEALEDcontinued onCONFERENCE & EXHIBITIONpage 22)'