A court case, by the American Institute for International Steel (AIIS), could be headed to the Supreme Court. In the case, AIIS accused President Donald Trump’s Section 232 of being un-Constitutional.
On March 25, The US Court of International Trade (CIT) ruled against AIIS.
In response to their defeat, AIIS chairman John Foster wrote, “We strongly believe that in the end this matter will be settled by the Supreme Court.”
Section 232 initially led US steel prices to level not seen for nearly a decade.
HRC Prices Are Stable
Hot-rolled coil prices are remaining stable. Lead times vary between 3 to 5 weeks. AMM recently reported a West Coast distributor as stating, “Things are going to be flat.”
A decline in steel imports have helped prices remain high. But ultimately the strength of the US economy will determine prices.
On positive news, after a weak February jobs report and fears of recession, March posted a stronger than expected jobs report.
Although 2019 is not predicted to grow at rates seen in 2018, it is still expected to see solid growth.
Houston Metal Market
Ace Steel Supply works hard to read the steel market so we can offer a stable supply of what you need. Consider looking at a stocking program with us for even more benefits to your business.
When you’re ready to save time, money and make your steel buying easier, give us a call.
Call us if your company requires a secure supply of Houston metal – stainless sheet, aluminum sheet, cold-rolled sheet or galvanized sheet metal.