Shippers respond to U.S. steel needs in the face of tariffs

Shippers are committed to servicing U.S. demand for steel, including niche pipeline supplies, though it depends on price, a Baltic maritime association said.

“The global shipping industry is ready to service the U.S. demand for steel, be it pipelines or any other product,” Peter Sand, the chief shipping analyst for international shipping association BIMCO, told UPI.

The U.S. Commerce Department in January concluded the amount of aluminum and steel imports threatened U.S. national security. The government in June imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports…

 

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