Global Trade At A Crossroads: Trump Tariffs Forge Better Credit Quality For U.S.-Based Steel And Aluminum Producers With A Protectionist Stance

Global Trade At A Crossroads: Trump Tariffs Forge Better Credit Quality For U.S.-Based Steel And Aluminum Producers With A Protectionist Stance

President Trump's decision to impose tariffs of 25% on steel and 10% on aluminum from all countries is moderately positive for U.S.-based steel and aluminum producers. In our view, these actions will encourage domestic production, raise utilization rates, and keep domestic prices elevated over the next two to three years. Steel prices in the U.S. could remain around $750-$850 per short ton (st) over this period. At the same time, we assume alumi…

Trump tariffs put an end to UK's steel production

The effect of Trump’s tariff has started showing its early trends. The first shocks have come from the UK, where the last remaining virgin steel producer has announced plans to shut down its final plant, citing “challenging market conditions,” including the 25% tariff on steel imports imposed by US President Donald Trump. Last month, Trump […] The post Trump tariffs put an end to UK’s steel production appeared first on TFIGlobal.