Steel Prices in the United States at
The impact of 25 percent tariffs on imports of steel into the
United States has been significantly eroded by the domestic mill price
increases. Clearly, this situation would not have been anticipated at the
beginning of the initiative.
The MEPS North American Average Flat Products selling figure increased by 34
percent, since the start of the year. In Western Europe, the steel price
recovery, in US dollar terms, was just 3.5 percent over the same period. In
Asia, an upturn of 6.5 percent was recorded.
How can the authorities in the United States square this circle? It is clear
that, on a cost basis, domestic steel users will be in a position to return to
purchasing from outside the country. This was not the original plan when the
Section 232 plan was devised.
The answer will rest with the domestic steel producers. Overseas suppliers are
likely to maintain their current offer prices. It will require action from the
local steelmakers. This would, almost certainly, require them to adopt a
different strategy to the one currently in place.
North American Carbon Steel Price
MEPS - International
Steel Review - June 2018 Edition
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