Final Thoughts
March 26, 2018
Final Thoughts
Written by John Packard
There are a lot of moving pieces to the Section 232 tariffs and the negotiations these tariffs have prompted among the countries that have not yet been excluded. Quotas are being discussed with most, if not all countries, with South Korea agreeing to 70 percent of their 2017 shipment levels. You should anticipate that other countries will also agree to quotas.
Of course, there are problems with quotas. Especially for those countries that shipped higher than 2017 levels of steel during first-quarter 2018. Or, maybe it is more appropriate to say buyers of foreign steel are not going to be able to get the foreign steel tons they are used to getting – no matter what the price.
