Steel Products
Few Favor NAFTA Withdrawal
Written by Tim Triplett
September 12, 2017
Seven out of 10 respondents to the latest Steel Market Update market trends questionnaire feel the United States should not withdraw from the North American Free Trade Agreement. Less than 30 percent say the U.S. should follow through on its threats to pull out of the trade pact if it does not win concessions from Canada and Mexico.
“A trade agreement between North American countries makes too much sense,” commented one mill executive. “The worst decision is to withdraw from our local trade pact. We will lose out in the end,” said a trading company executive. “As a consumer, I don’t want my price of goods to go up,” added a respondent from a service center.
{loadposition reserved_message}
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
ISM: Manufacturing growth down again in April
Activity had trended up for most of Q1
EU HR prices gain ground on US, Asian HR still well behind
Section 232 returned on March 12, and since then, the price gap between offshore and US hot band has tightened.
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant
Service centers: Mill orders retreat in March
SMU’s Mill Order Index declined in March after repeated gains at the start of the year, according to our latest service center inventories data.