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Steel buyers enter tariff era as ships rerouted, trucks halted

Economic Times LogoEconomic Times11h ago

Steel buyers enter tariff era as ships rerouted, trucks halted - Economic Times

Quick Summary:

The new 25% tariffs on steel and aluminium disrupted supply chains, escalated costs for companies like Ford, and pushed US businesses to source domestically.

Key trade partners express concerns about the wider impacts of these tariffs.

Domestic steel prices are up more than 30% this year — which will flow directly into steelmaker coffers — and the only remaining pure-play American aluminium producer, Century Aluminium Co., is up 6.5% this year.


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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 09:31:06 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1303 words

Reading Time: 8 minutes read

Sentences: 37 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 27016201

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About Economic Times

Economic Times Logo

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 1 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

Publisher Details

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  • URL: https://chronographically.beamstart.com/news/steel-buyers-enter-tariff-era-17420126717351

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