How Will Tariffs Hit the U.S. Steel Industry? Ask Our Expert

Researched by Industrial Info Resources (Sugar Land, Texas)--Since the Trump administration announced tariffs on steel and aluminum imports back in March, 11 capital projects worth $595 million in the U.S. steel industry have been released on Industrial Info's project database. But it is still too early to determine the impact any such tariffs could have on the U.S., as exemptions are still being worked out in Europe and through NAFTA countries. Industrial Info is currently tracking 83 capital projects in the U.S. steel industry worth $15.47 billion.

Click on the image at right for a graph detailing capital projects in the U.S. steel industry, by kickoff date.

"Depending on where you stand, Section 232 has either electrified or electrocuted the U.S. steel industry," said Joe Govreau, Vice President Research -- Metals & Minerals for Industrial Info Resources. "Domestic steel makers are ecstatic to get some relief from unfairly traded imports. On the flip side, steel producers that rely on imported slabs or other primary steel products are finding their business at risk. For example, Allegheny Technologies recently restarted a mill in Midland, Pennsylvania, that imports steel slab from Indonesia, which is subject to the tariff. The company has announced it will close the plant if an exemption is not granted."

If you would like to discuss developments and possibilities in the U.S. steel industry, Industrial Info will be at the AIST - Association for Iron & Steel Technology show next week in Philadelphia, Pennsylvania. Stop by our booth, #1649. Our Metals & Minerals Industry expert Joe Govreau will be there with plenty of insight.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.