Analysis
June 10, 2025
Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Written by Kristen DiLandro
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say.
An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel and aluminum to 50%.
