After a difficult 2020, VP of RM Metals in New Jersey Sam Desai talks about the outlook for his company and for the steel sector writ large.
Delaware Steel President Lisa Goldenberg talks soaring steel prices and the possibility of a Biden infrastructure bill.
With COVID and trade barriers limiting supply, her inventory is worth more but replacing it isn't simple.
Tariffs from 2018 made raw metals from outside the country more expensive. Now finished products could get extra taxes, too.
"People are scrambling to buy steel," said Lisa Goldenberg, president of Delaware Steel Co.
Higher tariffs on Chinese imports, especially those that are used to make things in the U.S., can cut efficiency and competitiveness, experts say.
Some companies are better suited to change where they get things made than others.
Ronnie Smith at McMahon Steel is not convinced the people evaluating his requests were prepared to do so.