Steel Products Prices North America
April 27, 2017
Is Trump Administration the Next Black Swan Event?
Written by John Packard
Is the newly initiated Section 232 the Black Swan event that will remove steel supply from the market and tip the balance of supply/demand in favor of the domestic steel mills, thus pushing prices to levels not seen since 2008? There should not be any doubt that the make-up of the Trump Administration, coupled with the legal abilities assigned to the Executive Branch as it relates to trade, means change is coming and it will impact the steel and manufacturing industries.
Steel Market Update does not know exactly what items or what countries will be impacted by the Section 232 investigation as well as any other actions that can be taken by the Administration (Section 201, circumvention ruling, Section 337, future antidumping and countervailing duties which can be “self-initiated” by the US Department of Commerce).
