CRU: Lower sheet prices have pulled back demand for imports

On Aug. 15, the US Commerce Department expanded the scope of Section 232 tariffs, adding over 400 HTS codes to the list of steel and aluminum derivative products covered under the Section 232 tariffs. Domestic sheet prices in the US remained under pressure, limiting interest in imports, while domestic prices for longs products continued to rise. Longs imports have also been limited, though, as import prices are at-or-near domestic levels.

Sheet prices in the US are under pressure, limiting imports