Trade Cases

Register for Wednesday's Community Chat with ISM CEO Tom Derry
Written by Michael Cowden
December 11, 2022
Institute for Supply Management® CEO Tom Derry will join SMU for our next Community Chat on Wednesday, Dec. 14, at 11 a.m. ET (10 a.m. CT). You can register here.
ISM is the first and largest supply management association in the world. That means Tom Derry is in a great position to talk about both current supply chain issues and ones that could present challenges in the future.
We’ll talk about some of the issues we’ve been grappling with in recent months — chip shortages, low water on the Mississippi River, and why labor issues at rails and ports have been so persistent.
We’ll also discuss how geopolitical tensions have reshaped shipping lanes and supply chains over the last year. Could we see more near-shoring (or “friend shoring”) in the years ahead? And could carbon policy become a new means of regulating global trade?
In addition, we’ll consider what demand might look like in 2023. We’ve seen an uptick in optimism going into the first quarter and at least a temporary break from the steel price declines we saw throughout most of 2022. Is that optimism merited by the fundamentals? Or are we making too much of the typical rebound in activity that occurs in Q1?
We’ll take your questions, too.
As always, we’ll keep it to about 45 minutes. You can (virtually) drop in, learn something — and then get on with your day.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Trade Cases

Price on Trade: IEEPA tariffs head to the Supreme Court, DOJ ramps up trade enforcement
International trade law and policy remain a hot topic in Washington and beyond this week. We are paying special attention to the ongoing litigation of the president’s tariff policies and the administration’s efforts to heighten trade enforcement.

Mexico considers stiff tariffs for steel, autos, and other imports
Mexico is considering imposing steep tariffs on imports of steel, automobiles, and over 1,400 other products. Its target? Countries with which it does not have free trade agreements, mainly China, India, Thailand, and other South Asian nations.

Leibowitz: With ‘reciprocal’ tariffs struck down again in court, what happens next?
President Trump’s “reciprocal” tariffs under the International Emergency Economic Policy Act (IEEPA) were struck down again, this time on Aug. 29 by the Court of Appeals for the Federal Circuit (CAFC). The legal and policy mess continues, with the next stop being the US Supreme Court.

Market unfazed by US circuit court’s IEEPA decision
Repealing any reciprocal tariffs placed by President Donald Trump on US imports of direct reduced iron (DRI), iron ore, hot-briquetted iron (HBI), and pig iron would have only a nominal impact on the US steel market, market participants said.

ITC votes to keep HR duties after sunset review
The US government determined this week that hot-rolled steel imports from a handful of countries continue to threaten the domestic steel industry.