People who work in the US steel market. Now that new steel tariffs got announced this morning, what's going on and what are the emotions in the steel industry as of now?

Blaze (he/him) @lemmy.dbzer0.com · 10 months ago

People who work in the US steel market. Now that new steel tariffs got announced this morning, what's going on and what are the emotions in the steel industry as of now?

Ifeelya@lemmy.world · 10 months ago

People who work for steel manufacturers are probably ecstatic, because they get to increase their prices by 25%. In theory this will spur more competition in domestic steel manufacturing, but I’m doubtful companies will be willing to invest in adding significant capacity when the tarrifs could disappear in the blink of an eye.

Treczoks@lemmy.world · 10 months ago

And even if they wanted to buy domestic, the production capacity will not appear magically.

Lemmist@lemm.ee · edit-2 9 months ago

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Blaze@discuss.tchncs.de · 10 months ago

Increased costs could lead to lay offs

Lemmist@lemm.ee · edit-2 9 months ago

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eatham 🇦🇺@aussie.zone · 10 months ago

How many alts do you have?

Blaze@discuss.tchncs.de · 10 months ago

I don’t even know myself

orcrist@lemm.ee · edit-2 7 months ago

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