Citic May Need To Strike New Deals to Sell Its Wheels In Face of Steel Tariffs — Panjiva


Citic May Need To Strike New Deals to Sell Its Wheels In Face of Steel Tariffs

Cons. Discr. - Autos 661 Materials - Metals/Mining 482 Metals - Steel 360 Tariffs 1169 U.S. 3297

Steel suppliers are having to find increasingly innovative ways to tackle the impact of the Trump administration’s section 232 duties. Wheel manufacturer Citic Dicastal is in discussions regarding financial burden sharing with its customers in the automotive industry. Tariffs have already been a fact-of-life for the wheelmakers with the most recent case having been launched into steel wheels in early August. Citic’s U.S.-bound shipments surged 33% higher in the past three months ahead of the new case after a 60% decline in the prior three months due to the start of new duties. Its leadin...

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