Steel Products
Goodbye to Section 232 Tariffs in December?
Written by Sandy Williams
June 9, 2021
A deadline has been set by the European Union and the U.S. to end Section 232 steel and aluminum tariffs, and any retaliatory measures, by Dec. 1, according to a draft communiqué obtained by Reuters. An announcement of the agreement is expected at the G7 Summit next week in Brussels.
“We commit to work towards lifting before 1 December 2021 all additional/punitive tariffs on both sides linked to our steel and aluminum dispute,” the draft said.
The communiqué also includes a commitment to ending the dispute regarding subsidies to aircraft companies, Boeing and Airbus, by July 11.
Lifting of the tariffs will be welcomed by manufacturers in the U.S. although they are still strongly supported by the steel industry. But all things come to an end. As the president of the Steel Manufacturers Association President Philip Bell noted in a SMU Community Chat webinar, “all tariffs have a shelf life.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
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.
Nucor maintains plate prices
Nucor aims to keep plate prices flat with the opening of its June order book.
US rig count up, Canada declines
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US rig counts expanded for a second straight week, while Canadian activity continued its seasonal slowdown of eight consecutive weeks.