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

CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]

Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.

OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.

Whirlpool says tariffs will bolster business
“Economically, the business case for products made in the us has become a lot more attractive," the CEO told Fox Business.

Worthington Enterprises buys Elgen Manufacturing
Worthington Enterprises acquires HVAC products maker Elgen Manufacturing.