US authorities Relax Section 232 Measures

Steel selling values, in the United States, continue to be among the highest in the world. Nevertheless, local steel manufacturers are struggling to minimise the extent of recent price erosion, across flat and long products. Falling scrap expenditure, weak purchasing activity and an uptick in domestic production contributed to the latest price decline, this month. … Continue reading US authorities Relax Section 232 Measures

Section 232 Creates Boom and Bust in US Steel Prices

While US steel selling values continue to be amongst the highest in the world, domestic steelmakers have lost a large part of the pricing gains they secured in late 2017/early 2018. It is widely accepted that US steel producers capitalised initially, on the speculation, and then the implementation of strong import protection measures, in March, … Continue reading Section 232 Creates Boom and Bust in US Steel Prices

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