dailynewsnblog
Now to the good news. Our order book is full … Production schedules are tight. And lead times have moved out. Historically, pricing changes took about a month to flow through our realized numbers …This market strength is driven by what is happening on the trade front. Steel imports into the United States are at their lowest levels since 2009. By now, it’s clear that Section 232 works, the melted and poured mandate works, and the enforcement works. Along those lines, we are very encouraged by the recent changes in how derivative product tariffs are being enforced. Distribution transformers were added, which is exactly the right outcome. The Trump administration has given the domestic steel industry what we needed and have been asking for. Union jobs are being protected, domestic supply chains are more resilient, and mills are running at higher utilization with real predictability.
