After a year of Section 232 tariffs and quotas on steel imports, some US fabricators and manufacturers, dependent on steel products, have been suffering from higher production costs caused by an increase in steel product prices.
On August 9, the American Metal Market (AMM) stated, “While the steel industry in general welcomed the 232 tariffs and quotas, downstream manufacturers and fabricators have faced higher raw material costs due to sharp increases in domestic steel product prices.”
In addition, AMM states, “An increasing inflow of cheap downstream steel products from other countries, which are not covered by the 232 duties, also has taken away market share [from US manufacturers].”
Members from the American Wire Producers Association (AWPA), along with representatives of several US steel mills are asking the Trump administration to address these issues.
Ace Steel Supply works hard to read the steel market so we can offer a stable supply of what you need. Consider a stocking program with us for even more benefits (like Samsara) to your business.
“Now, you can more accurately know when your material will be delivered. The improved delivery tracking will help you manage your shop employees time more efficiently, saving both time and money.”
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