Steel Mills
July 26, 2017
Good Second Quarter for Kloeckner
Written by Tim Triplett
Kloeckner Metals Corp., Roswell, Ga., reported a solid second quarter due largely to more favorable steel pricing in the U.S.
Asked about the status of the Section 232 investigation during the second-quarter earnings call, Kloeckner CEO Bill Partalis said it’s unclear if or when President Trump will act on possible new tariffs on steel imports. “Just the drum beating by the administration is enough to put the brakes on imports at this point,” he said. Pressure on imports has helped sustain recent price increases by domestic mills.
