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The reports are in for 2018.
The US imported $74.8 billion of iron and steel. The People’s Republic of China topped the list of 156 global trade partners, with 20% of these imports, followed by Canada (13.9%) and Mexico (10.1%).
Tariffs on China were raised from 10% to 25% as of midnight 5/9/2019 on $250 Billion worth of goods & products. Not only does this affect iron and steel prices, it also affects finished goods.
IFNM is experiencing an increase in cost of 36% for new steel purchases. We believe that this is not only due to the tariffs, but also speculators in that market.
At IFNM, we use re-claimed metal as much as possible, which is also good for the environment.
“US Iron and Steel Imports by Supplier Countries”; APRIL 24, 2019 BY DANIEL WORKMAN (Worlds top exports) http://www.worldstopexports.com/us-iron-and-steel-imports-by-supplier-countries/
“Trump Ends China Trade Truce as Both Sides Plan More Tariffs”; May 9, 2019, 10:01 PM MDT Updated on May 10, 2019, 5:09 AM MDT by Shawn Donnan, Jennifer Jacobs and Kevin Hamlin (Bloomberg Economics)
Photo courtesy of Pexels
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Supporting Girls, Inc of Santa Fe at the 46th annual Arts and Crafts Show. Metal art, furniture, collectibles and jewelry will be on hand for purchase.
To celebrate this special event, we are offering special pricing on many of our most popular art, kitchen and bar ware and furniture. In addition, we offer free delivery on larger items and options for custom work. Our team has been busy working on the ultimate in shopping experience, and believe that you will like what you see. Stop by and see what the buzz is all about!