Home Company Profile Steel Industry Analysis Meps Publications Consultancy Independent Studies
MEPS Steel Prices On-line MEPS Steel Reports On-line MEPS Industrial Sector Steel Price Index

Company Profile
Steel Industry Analysis
MEPS Steel Publications
Steel Consultancy
MEPS World Steel Prices
Independent Studies
Request Free Publications
MEPS Index Steel Prices
Steel Statistics
Subscribe to Publications
MEPS Steel News
Industry News
MEPS Sponsored Events
Steel Links
Subscription Rates
Add Link To Website
Content for Websites
Contact Us
Site Map


Home > MEPS Steel News - 25.09.2018

US Steel Mills Benefit from Elevated Prices, as End-Users Face Rising Costs

The threat and subsequent imposition of a 25 percent tariff on imports of steel into the United States has benefited just a small proportion of the country’s population.

Domestic steel selling values for flat rolled products increased by almost 35 percent, in the first half of this year. A modest reduction developed in the second half, but current prices are substantially above the figures recorded in January 2018.

The main beneficiaries of the steel price hikes have been the local mills. The losers have been the numerous producers of manufactured goods and those companies engaged in the construction sector. These have seen their steel costs rise by 30 percent, in the past nine months.

Will the steel producers be able to maintain their current elevated prices in the long term? Probably not! Steel mill selling values are already slipping, as local buyers suffer a reduction in orders for their manufactured goods.



Source: MEPS - International Steel Review - September 2018 Edition

Free Sample copies of MEPS Reports


Sign up for free MEPS steel news alerts

Enter e-mail address   *Required



If you are a journalist please tick here: