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Fabricated Steel Case May Build Up USMCA Risks

Canada 338 China 1763 Materials - Metals/Mining 485 Metals - Steel 363 Mexico 506 Tariffs 1175 U.S. 3312 USMCA 374

The U.S. government is proceeding with an investigation into alleged dumping of fabricated structural steel from China, Canada and Mexico. The case may prove controversial in the context of attempts to ratify the USMCA trade deal given Canada and Mexico want to remove U.S. steel duties. U.S. imports of structural steel climbed 12.1% year over year in 2019. Chinese seaborne shipments to the U.S. fell by 16.9% year over year in December compared to imports from Mexico which surged 34.5%. The case could have a wide-ranging impact on steel supply chains for infrastructure installers includin...

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