U.S. scrap prices hold steady amid market downturn, bucking industry expectations
Could ferrous scrap prices have hit bottom?
Could ferrous scrap prices have hit bottom?
After seven years of unprecedented protection, it’s past time to assess the results.
Section 232 and how a Trump win could impact the recycled metals industry.
Biden decreed that steel imports from Mexico again be subject to 25% Section 232 tariffs – unless the products are melted and poured in Mexico, the U.S., or Canada.
What would such a policy need to be effective?
What's going on in the primary market?
These new tariffs may help our steel industry to keep prices at elevated levels, whether deserved or not. But what effect will it have for the recycled metals community?
The move has particularly impacted over 90% of Mexico's P1020 imports, with countries like India, South Africa, Russia, and Argentina bearing the brunt.
The current average levy is 7.5%.
The senators said the legislation would reinstate 232 tariffs on Mexican steel imports at 25% for no less than a year