Trump's Steel and Aluminum Tariff Proposal
- Thread starter Veer_G
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Next are you going to tell us your boy George W is a better business man.
Its high time republicans take the party back from the big spending democrats.Next are you going to tell us your boy George W is a betterbusiness manmoney launderer.
Well, as promised, we did speak with our Nucor rep this morning.
The question asked was “What are you hearing will happen with material due to the tariff situation? Is there anything we should be concerned about?”
His response (typical Nucor speak) was: I really don’t think the price will go up simply because the demand right now is really low. Scrap is supposed to go up another $30 per ton soon. The price is completely governed by demand and the demand just isn’t there right now. The import of steel has been trending down for a couple of years so the tariff won’t have a huge impact right now anyways.
My retort: Okay....then why have you guys raised price $110 per ton since December and scrap about to go up another $30 per ton if the demand is low?
Crickets.
By the way, I received a letter from Canam this morning saying that they expect both increases and shortages and will not longer hold pricing on quotes beyond 15 calendar days until further notice and all deliveries have to be within 90 days. They also warned us to be careful bidding work with delivery dates after May....which is every freaking job we bid.
Do you see why those of us in the steel industry are irritated and perhaps a little pessimistic?
The question asked was “What are you hearing will happen with material due to the tariff situation? Is there anything we should be concerned about?”
His response (typical Nucor speak) was: I really don’t think the price will go up simply because the demand right now is really low. Scrap is supposed to go up another $30 per ton soon. The price is completely governed by demand and the demand just isn’t there right now. The import of steel has been trending down for a couple of years so the tariff won’t have a huge impact right now anyways.
My retort: Okay....then why have you guys raised price $110 per ton since December and scrap about to go up another $30 per ton if the demand is low?
Crickets.
By the way, I received a letter from Canam this morning saying that they expect both increases and shortages and will not longer hold pricing on quotes beyond 15 calendar days until further notice and all deliveries have to be within 90 days. They also warned us to be careful bidding work with delivery dates after May....which is every freaking job we bid.
Do you see why those of us in the steel industry are irritated and perhaps a little pessimistic?
I think this is more of a push against Europe and their auto industries. BMW, Mercedes have factories in the US now, but you won't see an american car driving around Europe unless you're near a US military installation. Though Ford does have some nice euro models. If we're going to have free trade we can't have protection for all these little niches. I think Trump is giving that nudge like he did with NATO about countries contributing their 2.2% gdp to the defense of NATO which they hadn't been doing. When reminded, they all started whipping out their checkbooks.
Pretty sure of the Steel the US imports only about 2% comes from China. Most from Canada I believe
I have $1,000 to bet you not one more mill will be opened in 5 years? Wanna bet?
Jethro - Don't even bother arguing with these guys that have no clue how it works. They will pay for their views down the road and then they will all be crying.
.......or Trump is going to get a denuclearized North Korea, a renegotiated NAFTA, and there are no tariffs.
Ill shed no tears on that outcome.
So you think the steel industry will be the first industry t defy the law of supply and demand? You might rethink pointing fingers at people when you are clearly ignorant of base economics.
I pray that good things do come our way in regards to the tariff decision. I will be the first to admit that I’m no economics guru and I have never argued that it would be a bad thing in the long run. I’m more concerned about the here and now. I trust that the market/industry always corrects in time.
We (at least in my neck of the woods) were seeing some good growth and momentum. Ever since this 232 thing was announced, it sort of sucked the wind out of the sails. It hasn’t been “bad”, per se, just less momentum. I was enjoying the momentum after the rather crummy construction industry we experienced during much of Obama’s reign.
One thing I can say I agree with something that President Trump has said is that a thriving steel industry is good for America. Perhaps the tariff will be good for the industry. All I can say is that since it was proposed months ago, it certainly has not had a positive effect on it. Again, the long run may yield positive things, but the short run surely isn’t.
We (at least in my neck of the woods) were seeing some good growth and momentum. Ever since this 232 thing was announced, it sort of sucked the wind out of the sails. It hasn’t been “bad”, per se, just less momentum. I was enjoying the momentum after the rather crummy construction industry we experienced during much of Obama’s reign.
One thing I can say I agree with something that President Trump has said is that a thriving steel industry is good for America. Perhaps the tariff will be good for the industry. All I can say is that since it was proposed months ago, it certainly has not had a positive effect on it. Again, the long run may yield positive things, but the short run surely isn’t.
Put up or shut up buddy! Wanna make it $5,000? Or wait maybe you can educate me about an industry that I have been in for 40 years and my family for 75 years? What experience do you have - ZIP NADA
Mister money pants thinks he knows business, evidently your ancestors did not educate you in economics. I am not arguing with you I am just pointing our basic facts, economic law, supply and demand is a basic law in all business. Please stop with the bet bet bet you sound like Fred frikken Flintstone.
Oh and I forgot to mention to try and educate you poor undereducated Man - I guess that one of the smartest guys around , Gary Cohn just resigned because of the tariffs doesn't tell you anything. You have way too much time on your hands - get a job! Not ONE economist that I have seen agrees that they are good thing. Please prove me wrong, please! You can reply all you want but you are now on ignore! LMFAO.
This is the truth. I've been forced to work with steel from around the globe. The most recent shit show I played a role in involved some 2 inch thick brackets for a new football stadium. Three miserable fucking months gouging and rewelding because some clown decided to use steel made in Turkey. How it passed analysis remains a mystery...
I have similar stories involving steel made in many different countries. Actually had a foreign owned company intentionally ship us substandard steel when we were building 80 meter wind generator towers for them. They didn't like the bill we sent them for rework after we decided to send some samples out and have them checked.
Never had any issues with American or Canadian steel.
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If Gary Cohen was so fuking smart he would not have needed a bailout by our government back in 2008 would he, Trump should never had hired that loser fuk in the first place, he should hire people that dont need bailouts.. Now its time to bail out steel and America and you botch about it, strange bedfellows in the dem party huh.
Gary Cohn is a globalist that wants to see business profits increase at the expense of the American citizen and national security.
He is one of the Davos beautiful people that believes in some sort of World Federation and it's necessary that the majority population live some sort of lowest common denominator existence while the elite jet around and enjoy the fruits of their slave labor.
It will be hard to sell, but you need to work an escalation clause into your proposals. This isn't the first time wild commodity prices have played hell in the construction industry.
Yes.
and another one that bought in to the liberals only to have their throats cut....
Edit add........
or perhaps the evidence of the failure of our domestic clothing manufacture was foretold by the clothes worn by the people singing the song.
You are exactly right. It is both good practice AND a hard sell. Typically (at least in the type of project we do) the bid documents indicate that we are supposed to account for material escalation throughout the duration of the project. Typically that involves pulling a number out of your butt based upon the total tonnage.
I sold a 3000 ton vertical expansion to a Hospital last year by showing the CM and owner the monetary savings of eliminating the escalation I was carrying in my proposal if they allowed me to buy 100% of the main material “sticks” if awarded the project. It is much easier for us to convince the owner this is the better course of action: you’re going to pay for material, so you might as well pay for the material up front (save a few hundred grand in escalation we are carrying in our bid) and ensure you don’t have to be concerned at all with what the steel market does. It reduces our stress and you get a fairly sizeable amount of money cut out of our price. The only “negative” is that you front load the schedule of values with raw material instead of amortizing it over the duration of the project. It is a pay me now at a fixed price or pay me later at a rather inflated fixed price situation. If an owner is well funded it is usually a pretty easy sell.
We have about 12 acres of storage yard. On jobs I sold in the 2nd half of 2017, we pre-bought about 6,000 tons of material early to save on any kind of escalation. I wish we could convince every customer to allow us to do this. I hate the headache of escalation. We have the ability to spread the material invoices out over about 4 months to avoid escalation IF the job is awarded quickly after bid. The longer they wait to award, the smaller that window gets.
read this article close and you see how we are getting fucked by "free" trade, especially NAFTA.
Cant even supply pipe to build a line in our own goddam country. We been sold out.
https://www.reuters.com/article/us-...stone-boost-despite-trump-order-idUSKBN15E22M
Cant even supply pipe to build a line in our own goddam country. We been sold out.
https://www.reuters.com/article/us-...stone-boost-despite-trump-order-idUSKBN15E22M
No sir.
We are far more into the commercial market (maybe 20% industrial). Seamless pipe is a rare bird in our end of the business. We can get it, but it is very rarely found on the type of work we do. We do hospitals, airports, multi-story office buildings, etc.
I deal in pipe and heavy industry in the oil business. Cant find much US Steel at all, not pipe not valves, not a lot of things we used to produce 30 and 40 years ago.
The bleeding and buttfucking of America has to stop. DC has forsaken this country for a few sheckles, both parties, on all levels.
The bleeding and buttfucking of America has to stop. DC has forsaken this country for a few sheckles, both parties, on all levels.
Gary Cohen is from Goldman Sachs, I though he was a poor choice and it was just proved.
BTW they are part of the folks that have been screwing the eyes out of every Country that will allow them.
R
If by that you mean Jew, so am I, but the group does not see eye to eye on "screwing" countries, not all of them are on the team, about the same percentage as the wasps and catholics for example.
Brush is getting a little wide...White sheets, getcher clean white sheets, white sheets, getcher clean white sheets ...
R
Article confuses me.
It states that there are manufacturing plants in the Us that can make the steel but they are Indian or Russian owned (obvious collusion with Russia).
Now did these countries buy virgin ground and build these plants from the ground up?
Likely not. Im guessing the existing plants were acquired in mergers and acquisitions.
The important point is that the plants are in the US manned and managed by American workers. They have not become sovreign ground of India and Russia filled with foreign personnel. They are a strategic asset. If need be they will be nationalized and start producing gun steel. They wont start churning out T-80s to be railed to the port and shipped to our enemies so they can be used against us. No Russian manager has a scuttle button in his office to destroy the plant in time of war. I doubt anyone in the plant undestands "spacibo".
The article is being a bit loose with the truth regards whether America can or cant produce the required pipe.
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White sheets, getcher clean white sheets, white sheets, getcher clean white sheets ...
What thread count? Egyptian cotton or India?
If you choose Indian cotton, we can throw in a pair of scissors to make the eye holes. Very good, very good.
For ductile iron, US made pipe is still the standard. A lot of it is made around Birmingham, home of the South's iron industry. Fittings are mostly foreign made. I know that's a totally different material than you're talking about.
It has been disturbing how many liberal Dems that a conservative Pres has in his admin. Maybe Kuschner chose Cohen.
Interesting article:
http://www.breitbart.com/big-govern...e-tariffs-trade-deficit-soars-nine-year-high/
R
http://www.breitbart.com/big-govern...e-tariffs-trade-deficit-soars-nine-year-high/
R
Well, This says it all. We will see what happens and it will not help ANY of us, trust me!
There is a very real fear spreading through Wall Street following Gary Cohn's departure from the White House that President Donald Trump'sinner-nationalist will be fully unleashed. People are right to be afraid.
Cohn, the National Economic Council director and former Goldman Sachs president, served as the main voice inside the West Wing urging Trump not to tear up the North American Free Trade Agreement or apply sweeping tariffs on steel and aluminum that could spark a global trade war.
He lost the tariff argument and will now be gone when a final decision on NAFTA gets made, leaving the field to protectionists like Commerce Secretary Wilbur Ross and trade advisor Peter Navarro.
Don't expect Treasury Secretary Steven Mnuchin to ride to the rescue and push Trump away from his deeply rooted desire to punish American trading partners over grievances he's held onto for decades. Mnuchin comes from the free-trading school, but he's not inclined to tell Trump things he doesn't want to hear.
One White House insider told me the Treasury secretary is among the "army of sycophants" around Trump who care more about staying in the boss's good graces than advocating any particular policy position.
There is a very real fear spreading through Wall Street following Gary Cohn's departure from the White House that President Donald Trump'sinner-nationalist will be fully unleashed. People are right to be afraid.
Cohn, the National Economic Council director and former Goldman Sachs president, served as the main voice inside the West Wing urging Trump not to tear up the North American Free Trade Agreement or apply sweeping tariffs on steel and aluminum that could spark a global trade war.
He lost the tariff argument and will now be gone when a final decision on NAFTA gets made, leaving the field to protectionists like Commerce Secretary Wilbur Ross and trade advisor Peter Navarro.
Don't expect Treasury Secretary Steven Mnuchin to ride to the rescue and push Trump away from his deeply rooted desire to punish American trading partners over grievances he's held onto for decades. Mnuchin comes from the free-trading school, but he's not inclined to tell Trump things he doesn't want to hear.
One White House insider told me the Treasury secretary is among the "army of sycophants" around Trump who care more about staying in the boss's good graces than advocating any particular policy position.
I didnt vote Wall Street or Cohn for President, I voted Trump.
Sounds like the globalists are butt hurt that they are not driving the country.
Which makes me
Why do we want to continue what hasnt worked for almost 30 years now?
(Hasnt worked for the middle class but its made the elite a ton of money)
I previously read that iron workers in China were given a raise from 12$/day to 15$ dollars per day when configuring the Oakland Bay Bridge for a 12 hr day , 6d/wk oh and quality....
http://www.americanmanufacturing.or...inese-made-bay-bridge-continues-to-fall-apart
There is no way we can compete with those wages and subsidized steel Al...
If U always do what our always did, U will always get what U always got.
I don't mind paying up . I don't believe any strategic product from planes to microchips should be obtained from a foreign source. JMHO...So I pay $300 more for a car
Most people finance the car or lease it and the cost is spread out over 3-5 years in the loan/lease..big deal.
Free trade is academically great all variables controlled,but the trading partners cheat
As in the poker game, if in the first 1/2 hour U don't know who is the patsy, it is U.
http://www.americanmanufacturing.or...inese-made-bay-bridge-continues-to-fall-apart
There is no way we can compete with those wages and subsidized steel Al...
If U always do what our always did, U will always get what U always got.
I don't mind paying up . I don't believe any strategic product from planes to microchips should be obtained from a foreign source. JMHO...So I pay $300 more for a car
Most people finance the car or lease it and the cost is spread out over 3-5 years in the loan/lease..big deal.
Free trade is academically great all variables controlled,but the trading partners cheat
As in the poker game, if in the first 1/2 hour U don't know who is the patsy, it is U.
You don't need to be pretty sure, if you go back and read the thread. The info has been posted, the real info, not "I think bull shit info." Save the "I think" for opinions.
Where did you copy and paste that from? Or are you the one who talked to the "whitehouse insider"? Didn't all those tards speculate that we would not loose American jobs due to free trade agreements? So their speculation is spotty at best correct?
