Source: ThomasNet.com
Orders for North American steel and aluminum have been on the rise since speculative talk about restrictions on the import of metals began last year, according to Tony Uphoff at Thomasnet.com, and the recent recommendation from U.S. Commerce Department Secretary Wilbur Ross to impose steep tariffs on foreign steel and aluminum seems to support the motivation behind the trend. Alcoa, Arconic, AK Steel, U.S. Steel, and Nucor were among the U.S. steel and aluminum manufacturers which saw increased activity prior to the announcement.
Read more here about the specific percentages proposed and the U.S. output goal: “Proposed Steel & Aluminum Tariffs Bolster Domestic Metals Sourcing”.
