May 31

Steel Imports Set Fall

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“Our preferred clients have tremendous resources available to them, call me or your salesperson and let’s have a conversation about how you can leverage our experience to help you and your business.” 7 Secrets Your Steel Supplier Won’t Tell You, Adam Osborn

US steel imports have been on the rise ahead of the Section 232 June 1 deadline.

The upward trend will likely reverse in the third quarter. First, the Trump administration will decide on extending Section 232 waivers to the EU and NAFTA partners.

Seth Rosenfeld, a Jeffries analyst wrote, “With steel prices already at high levels, this uncertainty-driven import decline is likely to continue to support prices in the near term.”

Will quotas be agreed on? “While tariffs would be a positive for US steel prices, trade war risks could temper excitement,” Rosenfeld said.

We will have to see whether the June 1 deadline is enforced. The tariffs will be enforced unless our allies agree on quotas. Regardless, the trend points toward decreasing US steel imports.

It is best to go with a proven expert in their field. Call us if your company requires a secure supply of stainless, aluminum, cold-rolled or galvanized sheet metal.

We can help you with any stocking requirement level. From a few skids to hundreds of tons. We will help you schedule out the material you need to meet production without shortages.

When you are ready to save time, money and make your steel buying easier, give us a call. Our sales team is waiting to work with you.

CALL NOW 832-300-1030.


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