IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2013 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2013 state and local governments in Arkansas provided incentives for the start-up Big River Steel mill. The state legislature agreed to issue $125 million in general obligation bonds that will be used for as follows: $50 million in a loan for the company, $70 million for the site preparation, and $5 million for bond issuance costs. In addition, the legislature agreed to grant the company an unspecified amount, not included in the total, in sales and use tax exemptions on energy purchases and a 14-year carry forward recycling income tax credit. Mississippi County provided the company with $14.5 million in local subsidies for unspecified improvements. 
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.
 
As no official source could be obtained, this measure is coded "amber".

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

393 Metal wastes or scraps
7204 Ferrous waste and scrap; remelting scrap ingots of iron or steel.
720410 Waste and scrap of cast iron
720421 Of stainless steel
720429 Other
720430 Waste and scrap of tinned iron or steel
720441 Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings, whether or not in bundles
720449 Other
411 Basic iron & steel
7201 Pig iron and spiegeleisen in pigs, blocks or other primary forms.
720110 Nonalloy pig iron containing by weight 0.5 % or less of phosphorus
7202 Ferroalloys.
720211 Containing by weight more than 2 % of carbon
720219 Other
720221 Containing by weight more than 55 % of silicon
720229 Other
720230 Ferrosilicomanganese
720241 Containing by weight more than 4 % of carbon
720249 Other
720250 Ferrosilicochromium
720260 Ferronickel
720270 Ferromolybdenum
720280 Ferrotungsten and ferrosilicotungsten
720291 Ferrotitanium and ferrosilicotitanium
720292 Ferrovanadium
720293 Ferroniobium
720299 Other
7203 Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 %, in lumps, pellets or similar forms.
720310 Ferrous products obtained by direct reduction of iron ore
720390 Other
7205 Granules and powders, of pig iron, spiegeleisen, iron or steel.
720510 Granules
720521 Of alloy steel
720529 Other
7207 Semifinished products of iron or nonalloy steel.
720711 Of rectangular (including square) crosssection, the width measuring less than twice the thickness
720712 Other, of rectangular (other than square) crosssection
720720 Containing by weight 0.25 % or more of carbon
7218 Stainless steel in ingots or other primary forms; semifinished products of stainless steel.
721810 Ingots and other primary forms
721891 Of rectangular (other than square) crosssection
721899 Other
7224 Other alloy steel in ingots or other primary forms; semifinished products of other alloy steel.
722410 Ingots and other primary forms
722490 Other
412 Products of iron or steel
7208 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, hotrolled, not clad, plated or coated.
720810 In coils, not further worked than hotrolled, with patterns in relief
720825 Of a thickness of 4.75 mm or more
720826 Of a thickness of 3 mm or more but less than 4.75 mm
720827 Of a thickness of less than 3 mm
720836 Of a thickness exceeding 10 mm
720837 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720838 Of a thickness of 3 mm or more but less than 4.75 mm
720839 Of a thickness of less than 3 mm
720840 Not in coils, not further worked than hotrolled, with patterns in relief
720851 Of a thickness exceeding 10 mm
720852 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720853 Of a thickness of 3 mm or more but less than 4.75 mm
720854 Of a thickness of less than 3 mm
720890 Other
7209 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, coldrolled (coldreduced), not clad, plated or coated.
720915 Of a thickness of 3 mm or more
720916 Of a thickness exceeding 1 mm but less than 3 mm
720917 Of a thickness of 0.5 mm or more but not exceeding 1 mm
720918 Of a thickness of less than 0.5 mm
720926 Of a thickness exceeding 1 mm but less than 3 mm
7210 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, clad, plated or coated.
721012 Of a thickness of less than 0.5 mm
721020 Plated or coated with lead, including terneplate
721030 Electrolytically plated or coated with zinc
721049 Other
721050 Plated or coated with chromium oxides or with chromium and chromium oxides
721061 Plated or coated with aluminiumzinc alloys
721069 Other
721070 Painted, varnished or coated with plastics
721090 Other
7211 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, not clad, plated or coated.
721114 Other, of a thickness of 4.75 mm or more
721119 Other
721123 Containing by weight less than 0.25 % of carbon
721129 Other
721190 Other
7212 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, clad, plated or coated.
721210 Plated or coated with tin
721220 Electrolytically plated or coated with zinc
721230 Otherwise plated or coated with zinc
721240 Painted, varnished or coated with plastics
721250 Otherwise plated or coated
7213 Bars and rods, hotrolled, in irregularly wound coils, of iron or nonalloy steel.
721310 Containing indentations, ribs, grooves or other deformations produced during the rolling process
721320 Other, of freecutting steel
721391 Of circular crosssection measuring less than 14 mm in diameter
721399 Other
7214 Other bars and rods of iron or nonalloy steel, not further worked than forged, hotrolled, hotdrawn or hotextruded, but including those twisted after rolling.
721410 Forged
721420 Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
721430 Other, of freecutting steel
721491 Of rectangular (other than square) crosssection
721499 Other
7215 Other bars and rods of iron or nonalloy steel.
721510 Of freecutting steel, not further worked than coldformed or cold finished
721550 Other, not further worked than coldformed or coldfinished
721590 Other
7216 Angles, shapes and sections of iron or nonalloy steel.
721610 U, I or H sections, not further worked than hotrolled, hotdrawn or extruded, of a height of less than 80 mm
721621 L sections
721631 U sections
721632 I sections
721633 H sections
721640 L or T sections, not further worked than hotrolled, hotdrawn or extruded, of a height of 80 mm or more
721650 Other angles, shapes and sections, not further worked than hot rolled, hotdrawn or extruded
721661 Obtained from flatrolled products
721669 Other
721691 Coldformed or coldfinished from flatrolled products
721699 Other
7217 Wire of iron or nonalloy steel.
721710 Not plated or coated, whether or not polished
721720 Plated or coated with zinc
721730 Plated or coated with other base metals
721790 Other
7219 Flatrolled products of stainless steel, of a width of 600 mm or more.
721911 Of a thickness exceeding 10 mm
721912 Of a thickness of 4.75 mm or more but not exceeding 10 mm
721913 Of a thickness of 3 mm or more but less than 4.75 mm
721914 Of a thickness of less than 3 mm
721921 Of a thickness exceeding 10 mm
721922 Of a thickness of 4.75 mm or more but not exceeding 10 mm
721923 Of a thickness of 3 mm or more but less than 4.75 mm
721931 Of a thickness of 4.75 mm or more
721932 Of a thickness of 3 mm or more but less than 4.75 mm
721933 Of a thickness exceeding 1 mm but less than 3 mm
721934 Of a thickness of 0.5 mm or more but not exceeding 1 mm
721935 Of a thickness of less than 0.5 mm
721990 Other
7220 Flatrolled products of stainless steel, of a width of less than 600 mm.
722011 Of a thickness of 4.75 mm or more
722012 Of a thickness of less than 4.75 mm
722020 Not further worked than coldrolled (coldreduced)
722090 Other
7221 Bars and rods, hotrolled, in irregularly wound coils, of stainless steel.
722100 Bars and rods, hotrolled, in irregularly wound coils, of stainless steel.
7222 Other bars and rods of stainless steel; angles, shapes and sections of stainless steel.
722211 Of circular crosssection
722219 Other
722220 Bars and rods, not further worked than coldformed or coldfinished
722230 Other bars and rods
722240 Angles, shapes and sections
7223 Wire of stainless steel.
722300 Wire of stainless steel.
7225 Flatrolled products of other alloy steel, of a width of 600 mm or more.
722511 Grainoriented
722519 Other
722530 Other, not further worked than hotrolled, in coils
722540 Other, not further worked than hotrolled, not in coils
722550 Other, not further worked than coldrolled (coldreduced)
722591 Electrolytically plated or coated with zinc
722592 Otherwise plated or coated with zinc
722599 Other
7226 Flatrolled products of other alloy steel, of a width of less than 600 mm.
722611 Grainoriented
722619 Other
722620 Of high speed steel
722691 Not further worked than hotrolled
722692 Not further worked than coldrolled (coldreduced)
722699 Other
7227 Bars and rods, hotrolled, in irregularly wound coils, of other alloy steel.
722710 Of high speed steel
722720 Of silicomanganese steel
722790 Other
7228 Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or nonalloy steel.
722810 Bars and rods, of high speed steel
722820 Bars and rods, of silicomanganese steel
722830 Other bars and rods, not further worked than hotrolled, hotdrawn or extruded
722840 Other bars and rods, not further worked than forged
722850 Other bars and rods, not further worked than coldformed or cold finished
722860 Other bars and rods
722870 Angles, shapes and sections
722880 Hollow drill bars and rods
7229 Wire of other alloy steel.
722920 Of silicomanganese steel
722990 Other

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