Shocker! American Steel Prices Spiked in April.

by | Apr 25, 2018

Shocker! American Steel Prices Spiked in April.

by | Apr 25, 2018

In the days and weeks after President Donald Trump slapped 25 percent tariffs on imported steel and aluminum, it was widely reported that American steel-consuming companies were bracing for higher prices. Some said they were already seeing those higher prices reflected in contracts to purchase steel from suppliers, but no one was sure how significant those price increases would turn out to be.

Now, a little more than six weeks since the tariff announcement, we have a better picture of the consequences of Trump’s trade policy. It looks like this:

SteelBenchmarker

SteelBenchmarker

This chart—published by SteelBenchmarker, a firm that tracks the price of the commodity across different markets—shows the average price (in dollars per metric tonne) of hot-rolled band (HRB), one of the most commonly used types of steel. The dark blue line represents the United States’ average price, while the light blue represents the price of steel produced in Western Europe, the red line represents China, and the pink line shows what SteelBenchmarker refers to as the “World Export” market: steel produced in other places, including Japan and South Korea.

Read the rest at Reason.com.

Our Books

Shop books published by the Libertarian Institute.

libetarian institute longsleeve shirt

Our Books

cb0cb1ef 3fcb 417d 80d8 4eef7bbd8290

Recent Articles

Recent

The Unpopular Truth About Foreign Aid

The Unpopular Truth About Foreign Aid

Editor's note: This article is taken from Libertarian Institute Managing Editor Keith Knight's opening statement from a June 28 debate on Zerohedge with Mike Benz and Cenk Uygur.  When I say American foreign aid, I am generally referring to resources given or lent by...

read more
The Ruse of a Trump-Netanyahu Falling Out

The Ruse of a Trump-Netanyahu Falling Out

Despite dramatic headlines about President Donald Trump’s clashes with Israeli Prime Minister Benjamin Netanyahu, the reality is that U.S.-Israel relations remain as robust as ever. To understand why these headlines don’t reflect a true break, one need only consider...

read more

Pin It on Pinterest

Share This