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Steel

Why Russia's invasion of Ukraine is likely to raise costs for restaurants and food manufacturers

by Justin Ho
Mar 21, 2022
Russia has nickel. Nickel is a component of some stainless steel. And restaurants, food manufacturers, and breweries need stainless steel.
Nickel's volatile price can affect the food industry, as nickel is a component of stainless steel – an essential facet of the industry.
mofles / Getty Images
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Trump-era export tariffs are still rattling British steelmakers

by Stephen Beard
Jan 19, 2022
President Biden lifted a 25% tariff from European Union steel, but British steelmakers complain that they’re being unfairly penalized.
Then-President Donald Trump poses with the 2018 steel import proclamation, which added a 25% tariff on imported steel. President Joe Biden has lifted the tariff for countries in the European Union but not for the United Kingdom.
Chip Somodevilla/Getty Images
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U.S. and EU trade agreement seeks reduction of "dirty steel"

by Samantha Fields
Nov 1, 2021
The pact lifts U.S. tariffs on European steel and European Union duties on bourbon and Harley-Davidson motorcycles.
President Joe Biden at the G-20 summit in Rome, where the U.S. announced it would roll back tariffs imposed on imported EU steel and aluminum.
Brendan Smialowski/AFP via Getty Images
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Trade disputes high on Biden's European trip agenda

by Nancy Marshall-Genzer
Jun 9, 2021
Tariffs on wine, cheese, steel and aluminum are among the issues to be resolved.
The first couple arrives in England ahead of the G-7 summit. Biden is expected to try to resolve disputes involving tariffs on wine, cheese, steel and aluminum.
Brendan Smialowski/AFP via Getty Images
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Despite tariffs and rising costs, the steel industry might also have pricing power

by Kai Ryssdal and Sean McHenry
Jun 3, 2021
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.
A steel manufacturer in Harvey, IL.
Scott Olson/Getty Images
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Challenges to output a "mixed blessing," says steel company chief

by Kai Ryssdal and Alli Fam
Nov 13, 2020
With COVID and trade barriers limiting supply, her inventory is worth more but replacing it isn't simple.
Lisa Goldenberg welcomes increased demand for vehicles and household appliances but has grappled with supply and price trends.
Andreas Rentz/Getty Images
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For steel business, pandemic poses new kind of uncertainty

by Kai Ryssdal , Alli Fam and Andie Corban
Apr 8, 2020
The coronavirus makes planning and logistics even more difficult for industry coming off trade war with China.
Keystone/Getty Images
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Trade showdown

Trump administration plans additional tariffs on steel and aluminum

by Kimberly Adams
Jan 27, 2020
Tariffs from 2018 made raw metals from outside the country more expensive. Now finished products could get extra taxes, too.
A worker cutting steel at a factory in Huaibei in China's eastern Anhui province in May 2018.
AFP via Getty Images
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Trade showdown

Ahead of a U.S.-China trade deal, uncertainty still dominates the steel business

by Kai Ryssdal and Bennett Purser
Jan 14, 2020
We look back at the chaos tariffs have inflicted on RM Metals in New Jersey.
Steel coils produced at the NLMK Indiana mill are prepared for shipping in Portage, Indiana, in 2018.
Photo by Scott Olson/Getty Images
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Trade showdown

After a year of tariffs, steel industry deals with "chaos fatigue"

by Kai Ryssdal and Bennett Purser
Apr 17, 2019
Exhausted and burdened, businesses are ready for new policy on steel trade.
A worker prepares to lift a roll of steel with a crane at a shipyard in Nantong in China's eastern Jiangsu province in May.
AFP/Getty Images
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