The Trump administration’s steel tariffs have driven up the price of steel products and generated huge profits for steelmakers; especially those with productions operations on the US mainland. MRP expects these results to continue as the US plans to continue the imposition of import duties on industrial metals they consider essential to the nation’s security, or implement long-term import limits to guarantee the US steel industry remains healthy. Although Chinese steelmakers have begun to struggle under the US’s tariffs, other large steel producing nations like India are seeing an uptick in demand and may begin ratcheting up their own economic policies to protect domestic steel . . .

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