CRU Insight: Section 232 Will Squeeze EAF Margins

LONDON, June 27, 2017

Action on steel imports to the USA will increase scrap prices and hurt EAF-based margins elsewhere in the world.

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. 

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