Duties Corrode Rather Than Melt Metals Imports — Panjiva
Más

Panjiva_research_logo

Duties Corrode Rather Than Melt Metals Imports

Materials - Metals/Mining 482 Metals - Aluminum 159 Metals - Steel 360 Tariffs 1169 U.S. 3297

Three months on from the expansion of section 232 duties on steel and aluminum imports to most suppliers by the Trump administration, the impact appears to have been significant but not transformative. Imports in the three months to August 31 fell 23% on a year earlier and by 7% vs. the first quarter. The rate of decline slowed to 16% in the month of August on a year earlier however. For steel products, where duties were 25%, there were significant declines in seaborne imports of customized products including non-alloy steel shapes (one third lower) while stainless steel shapes fell 18%....

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.