International Steel Prices
November 3, 2021
CRU: S232 Revision, A Win for Manufacturing in the USA
Written by Josh Spoores
By CRU Principal Analyst Josh Spoores
Trade representatives from the USA and Europe came to an agreement at the end of October in regard to the Section 232 tariffs on steel and aluminum. The Department of Commerce further announced on Oct. 31 that consultations regarding the trade of steel remain ongoing between the USA and the UK as well as the USA and Japan. These changes support manufacturing in the USA as buyers will now have more supply options.
