The USA is a key supplier and consumer of cold metallics. If Section 232 is used to protect the US steel industry, EAF-based steel margins elsewhere will be compressed and steel producers will again need to turn to billet imports.
Read the full story: http://bit.ly/232-Squeeze-EAF-Margins
Read more about CRU: http://bit.ly/About_CRU
SOURCE CRU Insight