March 2018 | Stainless Steels
US stainless prices move up further, helped by Section 232 tariffs: American Highlights
The Trump administration has delayed imposing tariffs upon steel imports – including stainless steel – from certain countries and/or regions.
Uncertainty about Section 232 tariffs puts US stainless market on edge
Nearly a month after President Trump’s proclamation, the Section 232 tariffs still have the US stainless steel market on edge. This is especially the case for companies that had been importing a lot of steel as they are still scrambling to firm up their supply chain, which isn’t all that easy to do given that there is still a lot of uncertainty about which countries and/or products will be exempt from the 25% tariff that Trump has imposed upon imported steel. In fact, there is speculation that there might not be further clarity for 90 days or so.
The Trump administration has delayed imposing tariffs upon steel imports – including stainless steel – from certain countries and/or regions. These include Argentina, Australia, Brazil, Canada, Mexico, the European Union, and South Korea until May 1,...
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