[yray]

Originally Posted by originalhypa

The tariffs are 25%, which is a huge jump.
As you said, the prices were already increasing. So you had a shakeup in the market with sellers notifying buyers of a price increase. Or, you would have companies eating the difference. That's fine if it goes up a few percent. But 25 points is more than the distributor profit. You can't eat that.

This is another crazy move by Trump. However, if profit for US business was his end result, it may work.



We have to keep in mind that steel and aluminum production are very dirty industries. AK Steel, the largest producer in the US was guilty of dumping over 12,000 tons of toxic chemicals into Ohio waterways in 2010. That's a lot of nastiness going into the water system.

Bringing the steel industry back to America could be good for their local economies, but it's going to be hell on the environment.

Offshore material was already 10-15% cheaper than north american material before the tariffs. Guess what china and india did, subsidized the another 10% more so the prices are still competitive versus north american material.
Don't get me started on north american inventory, takes me longer to get steel from chicago than from ningbo china. Now that Elogs are in place, LTL and TL is gonna be $$$$