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President Announces Tariffs of 25% on Foreign Steel

Update 3/8/18:  The President has signed into action tariffs on import steel.  Get key details now at:  unitedpipe.com/232

Late Thursday, the President of the United States held a brief press conference where he announced tariffs of 25% on foreign steel.  Nothing has been finalized as of yet, and the President indicated that sometime next week he would have a bigger event with more details.  See the video below.

We will continue to monitor this situation and provide more information and guidance as details become available.  The most immediate effect of this announcement will be the continued rise in domestic steel products (you can see list prices and our full list of Domestic Steel Pipe products by clicking here, and our full list of all Steel Pipe products by clicking here).

For additional coverage, please see this article from the Wall Street Journal, and this article from American Metals Market.

As always, and especially in times like these, we continue to recommend that you use our services as a weekly pipe distributor to lessen the risk associated with volatile commodity products such steel pipe. Please call us with your Copper, PVC, Steel pipe and Electrical conduit needs at 1-800-777-7473.