hiddentacocatneddih
Platinum Member
- Joined
- Jan 31, 2019
- Messages
- 764
- Tractor
- Mahindra 485DI
The domestic steel producers screwed up. When there was a 25% increase on imports, they could have kept their prices stable and increased domestic market share and manufacturing. Instead they went for the quick buck and also raised prices. The outcome was higher prices, but no more US steel production.
I dont think there is that much excess capacity in the industry and mill take years to build. So unless the tariffs are guaranteed for 5 to 10 years, it hard to build off short term gain
Comapnies like nucor, big river steel and SDI are building mills currently. Multiple. BIG ones