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US President Donald Trump has no threatening steel tariffs that do not husk for two weeks, American-made metals already affect US buyers to see more than imports.
The benchmark price for local steel has touched more than more than $ 900 this week, this year, about a quarter, 25% of its closeness is waiting for foreign supplies. This growth, the US prices are now relocated to import steel, not wanting to provide non-active data in the market.
“We understand the tariffs and uncertainty of the tariffs so far and increase this, this is a tune in a tint for $ 900, Timna Tanners, Wolfe, Wolfe research said in an analytical, telephone interview.” This is the desired effect Trump. “
According to a person who is familiar with the buttons, metal transportation from all over the world, Egypt, Algeria, Malaysia, Brazil and Vietnam, to the world. It comes with an anemic US steel requirement in a tribe, because high debt costs are expensive to move from the construction of the construction from the construction for buyers.
At the beginning of this month, Trump has ordered 25% tariffs with steel and aluminum imports this month and announced that it will be exempt from freedom at all available country. Performance of a protectionist wall, Nucor Corp., Cleveland-Cliffs Inc., United States Steel Corp. and Steel Dynamics Inc. And like Steel Dynamics Inc. that will raise prices.
As five weeks ago, a ton of steel was sold less than $ 700. However, this week, local producers have increased prices as the prices of people acquainted with the unprecedented situation since the beginning of 2024 – even the prices of the required prices.
Inner hot rolled Bobin, Benchmark Steel Product, 23% more expensive than imported supplies, said the researcher steel market update.
Meanwhile, some Canada and Mexico steel are saying that Mexican customers have refused new orders. Events put the books “extreme pressure” under the “excessive pressure” of the Algoma Steel Group Inc.
