Podcast: North American steel market reset by tariffs
The North American steel market has been reset by the blanket reintroduction of Section 232 import tariffs, the latest MEPS podcast has heard.
Reflecting on the results of research conducted among market participants in the region, before and after the March 12 implementation of the 25% import tariff, the latest Speaking of Steel podcast suggests change has come quickly.
"We’re now seeing the reality of the situation emerge," said MEPS steel market analyst Chris Jackson.
The effect of 25% automotive import tariffs and the country-specific reciprocal tariffs announced by President Trump on April 2 were also discussed in the new Speaking of Steel podcast. Among the other topics of the North America-focussed podcast were:
- How Section 232 speculation created supply uncertainty, accelerating US hot rolled coil price increases
- Canadian steel producers’ exposure to the US market
- How MEPS will monitor a “decoupling” of US/Canada steel prices
- Will Section 232 tariffs “level the playing field”, presenting opportunities to some countries’ steel exporters?
MEPS’s Speaking of Steel podcast is available via all major podcast providers. Click on the links below to access the latest tariffs-themed episode.
Source:
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