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Looming tariffs make U.S. steel production too expensive
Donald Trump’s steel tariffs don’t kick in for two weeks, but are already impacting U.S. buyers as American-made metal prices rise. Read on
The benchmark price for domestic steel touched more than US$900 a ton this week, up almost one-fourth this year, in anticipation of the imminent 25 per cent levy on foreign supplies. That surge means U.S. prices have now moved above par with imported steel, according to people active in the market who asked not to be named discussing non-public information.
“What we’re seeing so far happen is mills capitalize on the tariffs and uncertainty of tariffs, and they’ve been able to raise prices such that at US$900 a ton it’s more than what would happen to price with an actual 25 per cent tariff implemented,” Timna Tanners, an analyst at Wolfe Research, said during a telephone interview. “This isn’t the desired outcome Trump has articulated.”
进口关税25%, 美国本地产钢铁马上涨25%,资本家一点不含糊，美帝屁民享受
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