Trump's tariffs could have unforeseen impacts on ferrous raw materials

The imposition of reciprocal tariffs by President Trump has rattled virtually every market. This policy has some advantages for the steelmaking sector. But there may be some disadvantages that might not have been considered, especially for EAF producers of flat-rolled steel.

The reciprocal tariffs on various countries could affect the costs US-based steelmakers incur for certain raw materials such as imported ferrous scrap, pig iron, and direct-reduced iron/hot-briquetted iron (DRI/HBI). Let’s take a look at the potential consequences these tariffs could have for the ferrous industries.