The impact of 25 percent tariffs on steel imports to the United States has been significantly eroded by rising domestic prices. It is clear that such a situation was not expected at the beginning of the initiative.
Since the beginning of the year, the average selling price of rolled steel in North America has increased by 34 percent. In Western Europe, the recovery in dollar terms of steel prices was only 3.5 percent over the same period. Asia recorded an increase of 6.5 percent.
How can the authorities in the United States equalize the situation? It is clear that domestic steel consumers will be able to return to purchasing outside the country. This was not addressed by the original plan when Section 232 was based.
Consumer feedback will have an impact on domestic steel producers. Overseas suppliers are likely to maintain their current bid prices. This will require action by local steel producers, which will almost certainly require them to adopt a different strategy from the one currently in place.
Steel prices in the US hold at a ten-year high
|
Azovpromstal® 1 July 2018 г. 11:23 |
