Our friends at Wheatland Tube have compiled a Steel and Market update for August, with the key piece of information being that Steel prices remain at record high level. See below for a breakdown. Underlying Fundamentals Rising Input Cost Lead Times Extended to 5-8 Weeks Record High Transport Cost (due to driver shortages, click here […]
President Donald Trump recently announced a doubling of previously placed Steel tariffs on the country of Turkey, as reported here from CNBC. The White House said in a statement, “As he stated, the President has authorized the preparation of documents to raise tariffs on imports of steel and aluminum from Turkey. Section 232 tariffs are […]
Update 3/8/18: The President has signed into action tariffs on import steel. Get key details now at: unitedpipe.com/232 Today, the White House suggested that Mexico, Canada and other countries may not be subjected to steel tariffs that may be put into place due to the Section 232 investigation. At a press conference, the White House […]
Update 3/8/18: The President has signed into action tariffs on import steel. Get key details now at: unitedpipe.com/232 Late Thursday, the President of the United States held a brief press conference where he announced tariffs of 25% on foreign steel. Nothing has been finalized as of yet, and the President indicated that sometime next week […]
This past Friday, the Department of Commerce made public its recommendation to the President on the Section 232 Investigation into steel pipe. The recommendation, as expected, contained a number of measures meant to encourage the use of domestic-USA made-steel pipe. The major recommendations were: Tariffs of 24% on all steel pipe coming into the US […]
