Final Thoughts

Well, I guess there’s nothing quite like ending the week with a bang! What most thought would be a victory lap for U.S. Steel and its “planned partnership” with Nippon Steel turned into a breaking news extravaganza.

Trump flexed his muscles, saying he would double Section 232 tariffs on imported steel from 25% to 50%. Maybe it was response to the US Court of International Trade (CIT) ruling on Wednesday that found that the president could not use the International Emergency Economic Powers Act (IEEPA) to impose tariffs?

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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