Steel Mission Accomplished, But Tariff Armistice Unlikely To Be Declared Yet — Panjiva
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Steel Mission Accomplished, But Tariff Armistice Unlikely To Be Declared Yet

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

The U.S. steel industry reached an 81.9% plant utilization rate in the week to Feb. 23, breaching a threshold of 80% deemed necessary for long-term industry profitability by the U.S. section 232 tariff review. Yet it’s unlikely that shippers including ThyssenKrupp and Austria Metall will see a respite from the tariffs. Firstly while the utilization would represent a marked improvement from 75.8% in the third quarter it barely breaches the threshold and needs to be shown to be sustainable. Similarly aluminum – where duties have also been applied – only reached 69.9% utilizatio...

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