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    Latest S232 tariffs are disruptive, admit US manufacturers

    Written by Kristen DiLandro


    American manufacturers are making preparations for how their businesses will respond to the latest round of Section 232 tariffs.

    On Tuesday evening, President Donald Trump doubled the Section 232 steel tariffs applied to countries other than the United Kingdom. As of June 3, tariffs on steel and aluminum imports rose from 25% to 50%. The US will continue to apply a 25% rate to steel and aluminum imports from the UK. 

    Kristen DiLandro

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    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.