Features

It's official: Trump proclamation doubles S232 on imported steel, aluminum to 50%
Written by Michael Cowden
June 3, 2025
President Donald Trump on Tuesday evening signed a proclamation that officially doubled Section 232 tariffs on imported steel and aluminum from 25% to 50%.
There was one exception: Section 232 tariffs on steel and aluminum from the United Kingdom will remain at 25%. That’s according to a fact sheet posted on the White House webpage. The full text of the proclamation is here.
Recall that the US and the UK inked a framework trade deal in May. It was the first such agreement since President Trump announced “reciprocal” tariffs on “Liberation Day” in April.
The proclamation also increases the Section 232 tariff on downstream goods to 50%. But the higher tariff applies only to the steel and aluminum content of those downstream goods. “Non-steel and non-aluminum contents of imported products will be subject to other applicable tariffs,” the fact sheet said.
Downstream steel containing goods could be anything from tools and steel-toed boots to appliance parts. The steel in a hammer, for example, would be tariffed at 50%. The hammer’s wooden handle would face a different tariff rate.
Recall that President Trump at a rally on Friday evening near Pittsburgh said he would double Section 232 tariffs to 50%. And Kevin Hassett, director of the National Economic Council, had said earlier on Tuesday at an American Iron and Steel Institute (AISI) conference in Washington, DC, that there would be “few” exceptions to the higher tariffs.
The higher tariffs have been praised by domestic mills. But they have also been sharply criticized by traditional US allies such as Canada and the European Union.

Michael Cowden
Read more from Michael CowdenLatest in Features

US steel imports slumped in April, recovered in May
April now represents the third-lowest monthly import rate witnessed in nearly two and a half years, with several steel products falling to multi-year lows

Final Thoughts
I think there is an obvious case for sheet and plate prices going higher from here. That’s because, on a very basic level, the floor for flat-rolled steel prices, which is typically provided by imports, is now significantly higher than it was a week ago.

Hybar rolls first rebar, ramping up Arkansas mill commissioning
The startup steelmaker produced its first rebar at its greenfield steel mill in Osceola, Ark., marking a key milestone by completing construction in 22 months.

Canacero hits out at new US steel tariffs
Mexican steel trade group Canacero has condemned the US’ actions of raising tariffs on steel and aluminum to 50% from 25%.

Scrap market trades sideways in June
The US scrap market has traded sideways from May prices in basically one day without any significant descent, sources say. All major steelmakers, with maybe one exception, issued orders at prices paid in May.