The Coalition of American Metal Manufacturers and Users has released its latest steel price tracker based on information provided by SteelBenchmarker CAMMU said "Today is Manufacturing Day, a day to celebrate manufacturing in the United States. Unfortunately, US manufacturers continue to struggle to find the steel they need to help the US economy recover from the COVID-19 pandemic. Steel supply shortages, growing lead times and record high steel prices continue to create significant challenges for US steel-using manufacturers. The United States has become an island of high steel prices. US manufacturers are now paying USD 1348 per ton more for hot-rolled steel than their competitors in China, increasing the price difference by USD 38 in the past month, and USD 856 per ton more than their European competitors, up USD 117 in the past month.”CAMMU said “Everyone supports a strong and healthy US domestic steel sector but it is clear that protection from competition is no longer needed. US steel using manufacturers can't get the steel that they need and at competitive prices, and are losing business to competitors in other countries who are paying far lower prices for steel. When steel-using manufacturers lose business, they buy less steel, which will lead to the domestic steel industry also losing business because US steel producers only service the US markets and do not export. US manufacturers continue to desperately need more steel in the market. It is time for the Biden Administration to terminate the Section 232 tariffs."The Coalition of American Metal Manufacturers and Users is a broad organization of US businesses and trade associations representing over30,000companies and over one million American workers in the manufacturing sector and the downstream supply chains of industries including aerospace, agriculture, automotive, consumer goods, construction, defense, electrical, medical, and recreational, among others.
The Coalition of American Metal Manufacturers and Users has released its latest steel price tracker based on information provided by SteelBenchmarker CAMMU said "Today is Manufacturing Day, a day to celebrate manufacturing in the United States. Unfortunately, US manufacturers continue to struggle to find the steel they need to help the US economy recover from the COVID-19 pandemic. Steel supply shortages, growing lead times and record high steel prices continue to create significant challenges for US steel-using manufacturers. The United States has become an island of high steel prices. US manufacturers are now paying USD 1348 per ton more for hot-rolled steel than their competitors in China, increasing the price difference by USD 38 in the past month, and USD 856 per ton more than their European competitors, up USD 117 in the past month.”CAMMU said “Everyone supports a strong and healthy US domestic steel sector but it is clear that protection from competition is no longer needed. US steel using manufacturers can't get the steel that they need and at competitive prices, and are losing business to competitors in other countries who are paying far lower prices for steel. When steel-using manufacturers lose business, they buy less steel, which will lead to the domestic steel industry also losing business because US steel producers only service the US markets and do not export. US manufacturers continue to desperately need more steel in the market. It is time for the Biden Administration to terminate the Section 232 tariffs."The Coalition of American Metal Manufacturers and Users is a broad organization of US businesses and trade associations representing over30,000companies and over one million American workers in the manufacturing sector and the downstream supply chains of industries including aerospace, agriculture, automotive, consumer goods, construction, defense, electrical, medical, and recreational, among others.
