Analysis
April 10, 2025
Final Thoughts
Written by Michael Cowden
The Trump tariff roller coaster continues. Where it stops, I don’t pretend to know. Does the steel market like the ride? Depends on who you asked and when.
As best as I can tell, there was a fair amount of support for Section 232 tariffs extending further downstream. The tariffs benefited US mills in a significant way in 2018. And to companies further downstream, it seemed only fair that they be able to enjoy some of the benefits their mill suppliers had seen.

