Who’s looking out for the metal fabricators?
Domestic metal manufacturing companies appear to be paying the tab in the current trade war
Metal fabricators are trying to take advantage of increased business opportunities, but they are struggling with record-high steel prices and material availability in some instances. Ending the Section 232 steel tariffs would help, but is that what elected officials have in mind?
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With steel prices increasing to the point where they are triple what they were last August, eclipsing $1,600/ton in May, metal fabricating companies likely will need to have some serious conversations with customers. Of course, these are discussions that they’d rather not have, but they really have no choice.