Final Thoughts
February 28, 2018
Final Thoughts
Written by John Packard
As much as the mills are gloating about President Trump’s decision to lay a 25 percent tariff on foreign steel, remember one thing – not one of them asked for it. When it was handed to them, they took it. They did not fight to protect those products that they don’t like to make (or can’t make according to the customer base).
I found interesting one of the responses I got today from a former OEM steel buyer now with a service center, as I am personally not a big supporter of political intervention – especially if the so-called harmed parties did not request it. (Although there are some absolutely bad hombres sending in pipe and some other products at foolish prices.) Here is what one industry executive thinks will happen from here:
