In 2018, after seeing a dramatic rise in the global steel supply, Congress enacted Section 232 measures, putting a 25% tariff on imported steel. Three years later, the tariff has undoubtedly helped the American steel industry bounce back from the economic effects of unfair trade practices. Now, the steel industry is lobbying to keep the tariffs in...
Read moreA new study by the Economic Policy Institute, a think tank based in Washington, D.C., shows the positive impact that Section 232 measures have had on the U.S. steel industry. Section 232 was enacted in 2018 to address the risk that surges in the global steel supply pose to U.S. security. The study shows that since the 25% tariff was imposed on most...
Read moreThe U.S. steel industry has experienced plenty of change over the last year. In March 2018, 25% tariffs on steel imports, along with other measures, officially went into effect. Since then, American steel has seen exciting growth in production and job creation. Let’s take a deeper dive into everything that’s occurred. Production is o...
Read moreThere’s been a lot of talk about tariffs in the news lately. While many in the steel industry agree the 25% tariff on steel imports has had a positive impact on the domestic steel industry, some American companies that buy steel take issue with the increase in pric...
Read moreIf you’ve been listening to the news lately, you know that President Trump’s 25% tariff on foreign steel has caused a similar increase in the price of domestic steel. That’s just basic economics. Now that foreign steel costs more, domestic steel can sell for a fair price. And most businesses have to pass the cost increase along to their custo...
Read moreThe new steel tariffs have countless critics, but many business leaders believe they’re critical for the health of both the American steel industry and the entire country. Zekelman Industries’ Executive Chairman and CEO Barry Zekelman explains in a recent...
Read moreThose outside the American steel industry might not know much about the impact of steel imports on our economy. A few years ago, people might have heard about the closing of mills such as...
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