Our friends at Wheatland Tube have compiled a Steel and Market update for August, with the key piece of information being that Steel prices remain at record high level. See below for a breakdown. Underlying Fundamentals Rising Input Cost Lead Times Extended to 5-8 Weeks Record High Transport Cost (due to driver shortages, click here […]
President Donald Trump recently announced a doubling of previously placed Steel tariffs on the country of Turkey, as reported here from CNBC. The White House said in a statement, “As he stated, the President has authorized the preparation of documents to raise tariffs on imports of steel and aluminum from Turkey. Section 232 tariffs are […]
Due to Section 232 impacting domestic pricing and import pricing up to 25% on all incoming raw material, along with new trucking regulations which have caused freight costs to increase, mills have announced a 10-18% price increase, effective Monday April 30th, 2018. Click here to see all of our Strut products and our Strut list […]
Due to continued changes in the Steel Pipe market as a result of the Article 232 signing (click here for more info on 232) last week, we continue to see price increases on Domestic, Canadian and Import Steel. As a result we are instituting a New Domestic Steel List Price Sheet (click here to view) […]
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 […]
This past Friday, the Department of Commerce made public its recommendation to the President on the Section 232 Investigation into steel pipe. The recommendation, as expected, contained a number of measures meant to encourage the use of domestic-USA made-steel pipe. The major recommendations were: Tariffs of 24% on all steel pipe coming into the US […]
