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Domestic vs. Imported Steel
Posted on 1/18/19 at 9:57 am
Posted on 1/18/19 at 9:57 am
I work in the building supplies industry and do our company's lumber and rebar purchasing. Before Trump and the tariffs, imported steel was around 40-50 cents cheaper per 20' stick (sometimes more than that). Since the tariffs, domestic steel is within pennies of our foreign competitors. I finally have the flexibility to buy American steel, and the amount of salesmen from domestic steel companies that come into our shop has increased drastically. It's satisfying knowing that I don't have a competitive disadvantage buying domestic product. For all of those that scoff at the idea of bringing industrialized jobs back to our country don't understand that it actually benefits our people and boosts our economical production. The orange man may not be the most well spoken, diplomatic president we've ever had, but he is not allowing foreign companies to take advantage of our consumerism anymore.
8
Posted on 1/18/19 at 10:06 am to itsbigmikey
What's happened to the overall price of both?
Posted on 1/18/19 at 10:12 am to upgrayedd
The overall price has gone up pretty significantly. It has trended back downward as domestic production has begun to pump more steel into the market
Posted on 1/18/19 at 10:22 am to itsbigmikey
IPMao hates you
Posted on 1/18/19 at 10:29 am to itsbigmikey
quote:
I work in the building supplies industry and do our company's lumber and rebar purchasing. Before Trump and the tariffs, imported steel was around 40-50 cents cheaper per 20' stick (sometimes more than that). Since the tariffs, domestic steel is within pennies of our foreign competitors. I finally have the flexibility to buy American steel, and the amount of salesmen from domestic steel companies that come into our shop has increased drastically. It's satisfying knowing that I don't have a competitive disadvantage buying domestic product. For all of those that scoff at the idea of bringing industrialized jobs back to our country don't understand that it actually benefits our people and boosts our economical production. The orange man may not be the most well spoken, diplomatic president we've ever had, but he is not allowing foreign companies to take advantage of our consumerism anymore.
Not to mention quality. US steel actually has quality standards they must abide by. China, does not. Sure they may say they meet quality, but what recourse do you have if you buy several thousand tons of steel from them, only to find out they are substandard. Or if you venture into the stainless/alloy steel industry, China is not accepted in most places. Why? Because they often do not meet the tolerances/specs required.
Posted on 1/18/19 at 10:32 am to itsbigmikey
You're about to piss IBChinamen off.
Posted on 1/18/19 at 10:43 am to itsbigmikey
Not to mention that the imported rebar that I receive is usually pretty mangled up due to how they have to move it off of the barges (Not Chinese companies' fault). But it saves me from having a lot of mangled scrap to deal with.
Posted on 1/18/19 at 10:56 am to BugAC
quote:
Not to mention quality. US steel actually has quality standards they must abide by. China, does not.
China cant even turn powder into walls without poisoning everyone. Why anyone would ever buy anything as important as Steel from them is beyond me.
Posted on 1/18/19 at 11:04 am to BugAC
quote:
US steel actually has quality standards they must abide by. China, does not.
Foolish statement right there. Buyers have standards they insist on. If a US company buys cheap grade steel that is inferior in the quality his customers want he will not have those customers long.
China does make some crap but they also make some very good quality. All those sky scrapers in China are not going to fall down because the steel is substandard.
Posted on 1/18/19 at 11:08 am to I B Freeman
quote:Sweet a lessened impact of tariffs, now did you ever find a new supplier for your lead laced chemicals from China?
Anybody that knows the business and I do not but I can google knows that China does not sell a lot of steel into the US. We do a lot more business with Canada, Mexico and Brazil.
Posted on 1/18/19 at 11:14 am to I B Freeman
quote:
China does make some crap but they also make some very good quality. All those sky scrapers in China are not going to fall down because the steel is substandard.
How many plants use CHINESE alloy/stainless steel for process pipe? I'll wait for you to gather the numbers.
Do you want to know why they don't? Because the composition of said steel can not be relied upon. Even something like bolts are not allowed to be from China. WHy? Because they lie. If you buy millions in alloy steel, and it comes out to not have the correct carbon content, whats your recourse? You could send it back and demand a refund, but what if they don't accept it? Are you going to sue China? What responsibility to they have to the US? THey are not bound by are laws.
You are incredibly ignorant on the substandard material produced through China. The special stainless/alloy steels needed to resist corrosive environments are not bought in China because it is NOT SAFE. Go read a book. China is reaping what it sow. And you keep failing with every post.
Posted on 1/18/19 at 11:16 am to I B Freeman
quote:
that China does not sell a lot of steel into the US
Because they make shite. Do you want to go stand next to Jim Acosta at the border wall and tell us why illegal crossings aren't happening?
quote:
We do a lot more business with Canada, Mexico and Brazil.
Because we can rely on the quality standards. We buy steel from Japan, S. Korea, India as well. Why? Because we can trust their craftsmanship and we have recourse against them if they do not provide quality materials. There is no recourse against China and Chinese businesses do not care. Their economy is propped up on US debt and imports. It's why their economy is failing due to the tariff battle.
Posted on 1/18/19 at 11:32 am to I B Freeman
quote:
China does make some crap but they also make some very good quality. All those sky scrapers in China are not going to fall down because the steel is substandard.
We have one here in Trinidad that was condemned within a year of being built...but they had paid their kickbacks so nothing got done and the citizens ended up with a monstrocity in the center of what was a beautiful park area.
Posted on 1/18/19 at 11:40 am to BugAC
Exactly my point.
Buyers buy the quality they need.
Thanks for the information.
Buyers buy the quality they need.
Thanks for the information.
Posted on 1/18/19 at 11:41 am to BugAC
But we have put tariffs of 25% on the Brazilians, Canadians and Mexicans too raising the cost of quality steel for Americans.
Posted on 1/18/19 at 11:43 am to trinidadtiger
Sounds to me like your problem is corruption.
Posted on 1/18/19 at 11:44 am to I B Freeman
quote:Indeed, Chinese as well as political. Your heroes aren't clean brah.
Sounds to me like your problem is corruption.
Posted on 1/18/19 at 11:44 am to I B Freeman
quote:
But we have put tariffs of 25% on the Brazilians, Canadians and Mexicans too raising the cost of quality steel for Americans.
In efforts to bring these countries to the table to adjust their trade imbalances with us. You know this, but can't concede it.
Posted on 1/18/19 at 11:47 am to BugAC
We have put tariffs on ALL imported steel of 25% from any country.
I submit it has more to do with the grifter Wilbur Ross’s connections to steel than in any trade strategy.
I am surprised you support such protectionism.
I submit it has more to do with the grifter Wilbur Ross’s connections to steel than in any trade strategy.
I am surprised you support such protectionism.
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