On April 22, Steel Dynamics Inc (SDI) CEO, Mark D. Millet, said he anticipates 232 tariffs will be replaced by “quota-based programs” for Canada and Mexico.
He stated, “We anticipate reciprocal 232 tariffs between the US, Canada and Mexico will be replaced by alternative, effective quota-based programs … prior to ratification of the [USMCA] agreement later this year.”
In the past, SDI has indicated US quotas could better control an overcapacity of global steel.
Healthy Domestic Steel Environment
Also, Millet was positive on domestic steel, stating “the actions taken by the US federal government have developed a healthy domestic steel environment and should provide sustainable, long-term support for the US manufacturing base.”
As talked about in a previous post, SDI will be building a $2-billion flat-rolled steel mill in either Texas or Louisiana, and expect to be online the second half of 2021.
Millet commented on the healthy domestic steel environment, saying “the continued stabilization and improvement in flat-roll steel prices are having a positive impact,” and further commenting on “continued strength in the automotive, energy and industrial sectors.”
Stable Supply Of Houston Metal
Ace Steel Supply works hard to read the steel market so we can offer a stable supply of what you need. Consider looking at a stocking program with us for even more benefits to your business.
When you’re ready to save time, money and make your steel buying easier, give us a call.
Call us if your company requires a secure supply of Houston metal – stainless sheet, aluminum sheet, cold-rolled sheet or galvanized sheet metal.
HOUSTON STEEL SUPPLIERS
(Minimum 750$ Order)