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Tariffs won’t go away altogether. Some reduction could impact prices, but not immediately.
President Biden lifted a 25% tariff from European Union steel, but British steelmakers complain that they’re being unfairly penalized.
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.
It’s been kinda hard to keep up.
