Divergent Stainless Steel Price Trends Derive From Section 232

Stainless steel markets throughout the world have responded differently to the United States’ announcement, at the beginning of March 2018, of 25 percent tariffs on steel imports and 10 percent tariffs on aluminium. Uncertainty persisted as temporary exemptions were granted to supplies from selected countries, until the end of May. A quota arrangement was agreed … Continue reading Divergent Stainless Steel Price Trends Derive From Section 232

Section 232 Continues to Cast a Shadow Over Emerging Steel Markets

Brazil Brazilian steelmakers are optimistic about the strength of domestic consumption in 2018, highlighting improving market fundamentals in both the local and global steel markets. Additionally, Brazilian exports to the United States are temporarily exempt from measures related to the Section 232 investigation. Russia Negotiations in the Russian Federation remain arduous. Trading houses continue to … Continue reading Section 232 Continues to Cast a Shadow Over Emerging Steel Markets

Section 232 Probe Creates Chaos In Global Steel Industry

The consensus view from MEPS research, is that a large degree of uncertainty persists in the global steel market. It is becoming increasingly evident that North American and European steel buyers are hesitant about making purchasing decisions. Section 232 US authorities introduced a 25 percent tariff on steel imports last month. Concerns regarding the final … Continue reading Section 232 Probe Creates Chaos In Global Steel Industry

Section 232 Action Creates Ripples Throughout Stainless Steel Markets

Divergent trends have emerged, in worldwide stainless steel markets, in the wake of the United States government’s Section 232 deliberations. Acting on the recommendations of the report arising from the investigation into the effect of foreign-produced steel on US national security, President Donald J. Trump announced a tariff of 25 percent, to be applied to … Continue reading Section 232 Action Creates Ripples Throughout Stainless Steel Markets

Further Uncertainty Created by Section 232 Exemptions

US steel mills lifted selling figures rapidly, in recent months, due to the expectation of rising import prices and supply shortages, following the Section 232 investigation. After the announcement of a blanket 25 percent tariff, it was specified that NAFTA partners, Canada and Mexico, would be excluded from the measures. Subsequently, a number of countries … Continue reading Further Uncertainty Created by Section 232 Exemptions

Section 232 Reservations Unsettle the Emerging Steel Markets

The trading climate in the Brazilian steel market is unchanged since our February report. Risk-averse traders plan to retain minimum inventory in the interim, highlighting that the recent upward trend in local mill transaction values is unsustainable. The business environment is challenging, in the Russia. Distributors conveyed frustration with the price increases proposed by their … Continue reading Section 232 Reservations Unsettle the Emerging Steel Markets