Economy
May 29, 2018
Buyers See 'Further Extensions, Further Uncertainty' Come June 1
Written by Tim Triplett
The steel market is waiting anxiously to see what happens June 1 when the tariff exclusions are set to expire for Canada, Mexico and the European Union. Some expect the exclusions to be extended as trade negotiations continue. Most expect steel prices to remain steady or move higher, based on an informal canvass of Steel Market Update sources this week.
“After all the extensions and confusion thus far, I have no clue what the outcome may be. My guess is that we will see further extensions and further uncertainty,” said an executive from a large service center organization.
