Scrap Prices North America
June 29, 2018
Harris: Tariffs on Automotive Could Impact Scrap Prices
Written by Tim Triplett
Tariffs on cars and trucks made in Canada and exported to the United States could have a significant effect on ferrous scrap prices, says scrap consultant John Harris of Aaristic Services, Inc.
Speaking at a recent meeting of the Canadian Association of Recycling Industries, Harris said if the proposed 20 percent or 25 percent tariff on automotive is put in place against Canada by the United States, then the volume of busheling scrap produced by the auto industry would decline along with auto production.
