this post was submitted on 12 Mar 2025
11 points (92.3% liked)

[Moved to Piefed] Ask

697 readers
2 users here now

Rules

  1. Be nice
  2. Posts must be legitimate questions (no rage bait or sea lioning)
  3. No spam
  4. NSFW allowed if tagged
  5. No politics
  6. For support questions, please go to !newtolemmy@lemmy.ca

Icon by Hilmy Abiyyu A.

founded 3 months ago
MODERATORS
BoozeOrWater@lemm.ee
asudox@lemmy.asudox.dev
BoozeOrWater@lemmy.dbzer0.com
11
People who work in the US steel market. Now that new steel tariffs got announced this morning, what's going on and what are the emotions in the steel industry as of now? (lemmy.dbzer0.com)
submitted 3 months ago by Blaze@lemmy.dbzer0.com to c/ask@lemm.ee
5 comments fedilink hide all child comments
all 8 comments
sorted by: hot top controversial new old
[–] Ifeelya@lemmy.world 8 points 3 months ago* (last edited 3 months ago) (1 children)

People who work for steel manufacturers are probably ecstatic, because they get to increase their prices by 25%. In theory this will spur more competition in domestic steel manufacturing, but I'm doubtful companies will be willing to invest in adding significant capacity when the tarrifs could disappear in the blink of an eye.

[–] Treczoks@lemmy.world 5 points 3 months ago

And even if they wanted to buy domestic, the production capacity will not appear magically.