Trade Cases
February 20, 2018
Traders Stymied by Possible Section 232 Remedies
Written by John Packard
International trading companies are reacting to the report released by Department of Commerce Secretary Wilbur Ross recommending three options to protect the U.S. steel industry based on national security concerns.
As we speak with trading companies here at the Port of Tampa Steel Conference, as well as traders located around the country, we are finding many have ceased quoting and are no longer taking any new orders for shipments in March or beyond. One trader confided in SMU that their people were going to work on their tans over the next two months and not concentrate on developing any new business until the risks associated with 232 are better understood.
