The United States announced Section 232 Tariffs on Aluminum and Steel more than nine months ago.
It has been over six months since Canada, Mexico and EU exports had a 25 percent duty on steel products and a 10 percent duty on aluminum products applied.
These tariffs were primarily applied on the grounds of national security concerns.
Success Of Section 232
One stated goal of the tariffs is to help US aluminum producers expand production and raise profitability. In fact, aluminum smelter expansions have positively benefited the US economy.
But some industry participants argue the tariffs and quotas do not fix the real issue of foreign overcapacity (particularly China’s).
High Cost Of Doing Business
Like every business, US smelters must manage the high costs of energy, labor and all other operating costs.
Many of these costs are government driven, which is why many companies move operations to foreign countries, where it is cheaper and more predictable to do business.
We could argue the cost to local companies caused by Section 232 tariffs. But one thing you can’t argue is the importance of strategically reading the steel market to maximize your profitability.
Reading The Steel 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.
As a result, your business can stay productive, while locking in a fair price on material.
When you are 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 stainless sheet, aluminum sheet, cold-rolled sheet or galvanized sheet metal.
CALL NOW 832-300-1030.