Code of Maryland Regulations
Title 21 - STATE PROCUREMENT REGULATIONS
Subtitle 11 - SOCIOECONOMIC POLICIES
Chapter 21.11.02 - Implementation of the "Buy American Steel" Act
Section 21.11.02.04 - Price of Steel Products
Universal Citation: MD Code Reg 21.11.02.04
Current through Register Vol. 51, No. 19, September 20, 2024
The price of any steel product of domestic origin is not unreasonable if:
A. The price does not exceed the sum of the bid or offered price of a similar steel product of foreign origin, plus a differential of 20 percent of the bid or offered price of the steel product of foreign origin; or
B. The steel product is produced in a "substantial labor surplus area" as defined by the United States Department of Labor and the price does not exceed the sum of the bid or offered price of a similar steel product of foreign origin, plus a differential of 30 percent of the bid or offered price of the steel product of foreign origin.
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