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Section 232



President Donald Trump announced on Thursday March 1 that he will impose tariffs of 25% on steel imports and 10% on aluminium imports into the United States for an unlimited time frame, following through on the aggressive action the White House has hinted at since the initiation of Section 232 investigations nearly a year ago.

While US domestic prices will almost certainly spike, the impact on the domestic downstream industry and global steel and aluminium trade flows is murky. American Metal Market and Metal Bulletin reporters have been covering this topic from the start, providing all the analysis you need to make informed business decisions.

Trending Section 232 Market News

May 23, 2018- Europe to strike back without 232 exemption
May 23, 2018- More countries threaten 232 retaliation
May 23, 2018- China still subject to 232 tariffs: Mnuchin
May 22, 2018- Midwest premium stable; waiting game continues
May 22, 2018- Standard pipe tariff hurts nat security: buyer
May 21, 2018- Plate tags flat on 232 doubt, volatility fears
May 21, 2018- US mills fight OCTG tariff exclusions
May 18, 2018- Plate tags flat on 232 doubt, volatility fears
May 18, 2018- US mills fight OCTG tariff exclusions
May 18, 2018- P1020 flat on scant spot trades
May 18, 2018- HRC index up as Section 232 deadline looms
May 17, 2018- Rebar prices to stay high on import lull: buyers
May 17, 2018- Japanese steel applauds potential 232 retaliation
May 16, 2018- Trump unlikely to extend 232 waivers: Ferriola
May 16, 2018- 232 exclusion sought for pipe used in EAFs
May 15, 2018- Tube exclusion requests stoke supply doubts
May 15, 2018- 232 won't hurt AM/NS Calvert slab supply: exec
May 14, 2018- Expedited 232 product exclusions sought
May 14, 2018- Turkey warns of steps to counter US 232
May 14, 2018- Brazil slab export prices narrow downward
May 11, 2018- HRC index inches up on 232 quota fears
May 11, 2018- Slabs likely to receive 232 exemption: Cowen
May 10, 2018- Import rod tags flat as 232 uncertainty drags on
May 10, 2018- 232 tariff said 'better than quotas' for rebar
May 9, 2018- 232 quotas 'positive' for Gerdau North America
May 9, 2018- US tube, pipe prices rise on 232 quota outlook
May 9, 2018- 232 only part solution for global steel industry
May 8, 2018- Steelscape seeks 232 product waiver for Japan
May 8, 2018- Global slab: US 232 fallout weighs on market
May 8, 2018- Priefer seeks 232 waiver for ex-USS Serbia ops
May 7, 2018- US aluminium imports jump in March
May 7, 2018- Plate prices slide as imports, 232 concerns rise
May 4, 2018- Brazilian slab export prices stable amid quota talks
May 4, 2018- JSW seeks 232 exclusion for Indian slabs
May 4, 2018- HRC index up again amid 232 quota fears
May 4, 2018- HSS tags strengthen on 232-driven supply doubt
May 4, 2018- Argentina, Brazil split on 232 ali restrictions
May 3, 2018- Offshore flat-rolled prices uneven on 232
May 3, 2018- Tariffs won't let S Korea bypass 232 quota ceiling
May 3, 2018- 232 uncertainty roils US rebar import market
May 3, 2018- Brazilian steel producers accept 232 quota
May 2, 2018- US steel imports propelled by 232 in April
May 2, 2018- Argentina agrees to 232 steel export quota
May 2, 2018- US ali industry seeks certainty after extension
May 2, 2018- Evraz seeks slab exclusion, cites defense deals
May 1, 2018- South Korea 232 quota retroactive to January 1
May 1, 2018- 232-exempted nations will get quotas: Navarro
May 1, 2018- 232 quotas should be retroactive: Newport
May 1, 2018- US P1020 premium may see spring upturn
May 1, 2018- 232 extension prolongs uncertainty: EC, Eurofer
May 1, 2018- 232 deadline extended for Canada, Mexico, EU
April 30, 2018- Steel capacity needs to be 232 priority: Newport
April 30, 2018- ATI JV under threat from 232 tariffs
April 27, 2018- Brazil's 232 exemption status unclear
April 27, 2018- HSS prices, volumes leveling off after 'frenzy'
April 27, 2018- Letter: Overcapacity the problem, not investment
April 27, 2018- US ali mart holds breath for 232 tariff clarity
April 27, 2018- 232 is policy as 'drive-by shooting': Aldonas
April 27, 2018- Brazil's slab export tags widen downward on 232 uncertainty
April 27, 2018- US offers quota deal for Brazilian steel exports
April 26, 2018- Steel prices should stabilize: DiMicco
April 26, 2018- AEC attacks 232 quotas, warns of higher ali tags
April 26, 2018- Most OCTG tags rise on supply jitters
April 25, 2018- CSI opens June book, again warns of shortages
April 25, 2018- US planning quotas on Brazil steel imports
April 25, 2018- Ali group seeks quota-free 232 exemptions
April 23, 2018- Imported flat-steel tags mixed on 232 paralysis
April 23, 2018- Letter: 232 helps US steel, hurts the rest of us
April 23, 2018- 232 keeps Brazilian slap export prices steady
April 20, 2018- HRC index wobbles; 232 celebrates anniversary
April 20, 2018- HSS buyers balk at hikes, but still purchasing
April 20, 2018- Russia requests WTO consultation on 232
April 20, 2018- 232 duties on Japan steel 'unconscionable'
April 19, 2018- Imports to crash as 232 exemptions expire: SDI
April 17, 2018- Japan to seek 232 exemption: ex-Commerce Sec
April 13, 2018- UPI closes July books; 232 squeezes W Coast
April 12, 2018- US traders fish for import rod in murky waters
April 11, 2018- Borusan may expand if granted 232 waivers
April 11, 2018- Bekaert seeks 232 wire rod exclusion
April 11, 2018- Global stainless: 232 to support US prices
April 11, 2018- S African steel imports fall amid exemption snub
April 10, 2018- 232 exclusions sought for tinplate, cold rolled
April 9, 2018- Judge denies Severstal 232 injunction
April 9, 2018- Plate prices' climb grows increasingly uneasy
April 6, 2018- Global slab: US 232 tariffs spark uncertainties
April 6, 2018- High hopes for composites as steel tags soar
April 4, 2018- 232 duty fears spur March imports higher
April 4, 2018- Wide ali arbitrage unviable with 232 tariff
April 3, 2018- CPI says harmed by 232, requests exemption
March 30, 2018- CRC, galv prices up while iron ore falls
March 30, 2018- HRC up again but fears over correction build
March 30, 2018- HSS prices jump after coil climbs further
March 29, 2018- JSW to buy Acero; more steel deals to come?
March 29, 2018- US import rod tags flat amid 232 uncertainty
March 29, 2018- Prolonged 232 to be costly: Houston port chief
March 29, 2018- South Korea steel quota to be 'product specific'
March 29, 2018- Japan seeks 232 exemption on high-quality steel
March 28, 2018- Energy tube prices surge after 232 squeeze
March 28, 2018- S Korean 232 exemption to start May 1
March 27, 2018- Acero Junction eyes Mingo EAF restart
March 27, 2018- ATI files for 232 Tsingshan JV exclusion
March 27, 2018- Canada cracks down on imports after 232
March 26, 2018- AIIS blasts 232 rollout, exemption process
March 26, 2018- Steel still cheap despite 232, AISC to builders
March 26, 2018- South Korea wins 232 tariff exemption
March 26, 2018- 232 'will cut HDG exports': Al Ghurair Iron
March 23, 2018- Severstal subsidiaries sue US gov't over 232
March 23, 2018- Ali scrap mart up in the air on China tariff talk
March 23, 2018- WTO members fear 232 impact on global trade
March 23, 2018- Exemption seen lifting Brazil slab export tags
March 23, 2018- NLMK USA seeks carve-out for Russian slabs
March 23, 2018- Correction begins to weigh on US ali premium
March 23, 2018- EU still needs trade safeguard measures: Eurofer
March 23, 2018- 232 impact on Asian ali premiums may be limited
March 23, 2008- UPI warns West Coast steel supplies tight
March 23, 2018- Trump OKs 232 country delays; quotas possible
March 23, 2018- China counterattack strikes US steel, ali scrap
March 23, 2018- Brazil to monitor steel imports after tariffs
March 23, 2018- UK Steel lauds 232 tariff exemption for EU
March 22, 2018- Upstream ali stocks exemplify market uncertainty
March 22, 2018- Tariffs to be delayed vs certain nations: USTR
March 22, 2018- High steel tags could make for risky H2: centers
March 22, 2018- US import flats tags up; offers in 232 vice grip
March 22, 2018- Brazil signals talks with US over steel tariffs
March 22, 2018- No coil glut in EU after 232, sources say
March 21, 2018- Scrap to steel: Tone down the 232 celebration
March 21, 2018- US tariffs won't affect Brazil flat steel: Inda
March 20, 2018- 232 exclusions process too slow: energy groups
March 20, 2018- 232 response must be 'firm, decisive': Eurofer
March 20, 2018- Germany seeks quick EU-US deal on steel tariff
March 19, 2018- Canada steel frets over 232 redirecting imports
March 19, 2018 - Section 232 exemption process rules released
March 19, 2018 - EU may target US exports in tariff retaliation
March 16, 2018 - Lack of 232 clarity casts haze over pipe, tube
March 16, 2018 - HRC index inches up; post-232 peak in sight?
March 16, 2018 - Faith in 232 exclusions process lacking: poll
March 16, 2018 - Tariffs to hit EU stainless exports: Damstahl
March 16, 2018 - Letter: 232 imperils US economy, supply chains
March 15, 2018 - Focus: US ali tariff impact being felt globally
March 15, 2018 - EU urges action vs tariffs at trilateral meeting
March 15, 2018 - Exclusions, duration murky in 232: AMM panels
March 15, 2018 - Vallourec seeks 232 exemption for Brazilian tube
March 15, 2018 - Brazilian government considering WTO complaint
March 14, 2018 - Copper users ponder their fate in face of 232
March 14, 2018 - US steel tariff irrelevant to CSN sales: CEO
March 14, 2018 - 232 clouds US ferrous scrap export market
March 14, 2018 - Pipe prices soar after Trump tariff confirmation
March 13, 2018 - Plate prices hit $45/cwt; cresting on weak 232?
March 13, 2018 - 232 exclusions may not survive Nafta talks
March 13, 2018 - UK trade secretary to push for exemption to 232
March 13, 2018 - Europe to 'defend itself' vs US: French minister
March 12, 2018 - 232 strikes at midnight March 23; EU exempt?
March 12, 2018 - 232 bolsters US Midwest ferrous scrap market
March 12, 2018 - Australia joins 232 tariff exemption parade
March 12, 2018 - Dongkuk lifts US buyers' prices 25%, citing 232
March 12, 2018 - 232 increases pressure on EU aluminium marts
March 12, 2018 - Century makes restart of Hawesville official
March 12, 2018 - Turks' scrap demand may be hit by 232: BDSV
March 12, 2018 - Asian ali mart mixed on Australia 232 exemption
March 12, 2018 - Tariff could fuel bearish LME aluminium market
March 9, 2018 - 232 spurs Magnitude 7 to restart Mo smelter
March 9, 2018 - Cold-rolled, galv prices jump on 232 frenzy
March 9, 2018 - 232 will cause 'serious' harm to Brazilian exports: MDIC
March 9, 2018 - Brazilian slab exporters brace for tariff's impact
March 9, 2018 - 232 tariff puts US aluminium market on edge
March 9, 2018 - HRC above $41/cwt; mart wary of a correction
March 9, 2018 - Mexico steel group mixed on 232 impact
March 9, 2018 - 232 tariffs damaging, counterproductive: Eurofer
March 9, 2018 - HSS tags up again after 232 pushes coil higher
March 9, 2018 - Usiminas sees no 'relative impact' from 232
March 9, 2018 - Expert view: Tariffs’ unintended consequences
March 9, 2018 - Brazilian steel considers appeal against tariffs
March 9, 2018 - With tariffs, Asia braces for higher scrap tags
March 8, 2018 - Trump hammers slabs with 232 tariffs
March 8, 2018 - US tube mills find peril in 232 tariff math
March 8, 2018 - Trump's 232 tariffs cause cheers and jeers
March 8, 2018 - Flat steel imports to rebound post-232: sources
March 8, 2018 - Trump signs steel, aluminium tariffs into law
March 8, 2018 - AIIS seeks 232 exemption for Turkish steel
March 8, 2018 - AISC advises members on 232 impact
March 8, 2018 - US House pushes back on broad 232 tariffs
March 8, 2018 - Tariffs 'could distort India's domestic markets'
March 7, 2018 - Trump to sign off on 232 tariffs Thursday
March 7, 2018 - 232 to allow exclusions by product: DiMicco
March 7, 2018 - Slab tariffs favor Midwest steel mills: CSI
March 7, 2018 - Ali scrap mart reluctant to ride 232 speculation
March 6, 2018 - Exclusive: NLMK may end US funding over 232
March 6, 2018 - 232 could send HRC to $1,000/t, hurt buyers
March 6, 2018 - 232 fallout hazy; downstream nervous: Ryerson
March 6, 2018 - P1020 premium jumps amid Trump tariff talk
March 6, 2018 - 232 tariffs on slabs will hurt West Coast: CSI
March 5, 2018 - 232 threats could undermine Nafta talks
March 5, 2018 - US plate prices hit $44/cwt on 232, shortage fears
March 5, 2018 - Section 232 may drive switch to plastic pipe: AGA
March 5, 2018 - US ali billet premium steady; mart awaits tariff
March 2, 2018 - Section 232 spooks ferrous scrap market
March 2, 2018 - Downstream ali mart up in arms over 232 tariffs
March 2, 2018 - HRC climbs past $40/cwt on eve of 232 tariffs
March 2, 2018 - Canacero demands 'reciprocal measures' to 232
March 2, 2018 - US pig iron use to grow after 232: IMH
March 2, 2018 - Brazil’s ali industry fears ‘Chinese invasion’ post-232
March 2, 2018 - Acero Argentino concerned about steel tariffs
March 2, 2018 - 232 tariffs will not affect Turkish exports: ÇIB
March 2, 2018 - Tariffs ‘hurt concept’ of fair trade: Aço Brasil
March 2, 2018 - Ali 232 seen supporting Q2 MJP premiums
March 2, 2018 - EU aluminium market uncertain on 232 news
March 2, 2018 - UK steelmakers face ‘serious damage’ from 232
March 2, 2018 - Vietnam rerollers warn of steel supply glut
March 2, 2018 - Eurofer welcomes EC's 232 countermeasures
March 2, 2018 - 2 more offers for Q2 MJP ali at $133-135/t
March 2, 2018 - Brazil to pursue exclusion from 232 tariffs
March 2, 2018 - Taiwan import scrap tags up on US tariff fears
March 2, 2018 - Tariff to cost 20,291 beverage jobs: beer lobby
March 1, 2018 - Trump confirms 10% ali tariff; mart unconvinced
March 1, 2018 - Steel mixed on 232, prices seen rising
March 1, 2018 - Ali restart talks up in face of electric rates
   

Latest Pricing Trends Year Over Year

  Aluminum P1020 premium delivered Midwest  

34.13%

  Cold-rolled coil (CRC) US domestic Midwest

8.19%

  Hot-rolled coil index US domestic Midwest

15.93%

  No. 1 busheling US domestic Midwest Index

 3.63%

  Shredded steel scrap US domestic Midwest Index

11.51%

  Hot Dipped Galvanized Steel Coil, US Domestic Midwest

 5.98%

  Cut-to-length Plate Carbon Grade

 9.73%

  Industrial quality low carbon Wire Rod domestic US

8.04%

  Seamless OCTG API 5CT - Casing P110

-8.17%

  Steel bar reinforcing bar (rebar) domestic US

13.95%



HRC and Aluminum P1020 Price Chart

Latest Pricing Trends Year Over Year

Poll

How will the US Treasury Department’s sanctions against UC Rusal affect the US downstream aluminium sector?

They will have a severe impact; companies might go out of business.
They will have a limited impact, but there will be some disruptions
They will have no impact, business will be unaffected


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