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Steel Prices Rise Again

The price of steel in the U.S. is rising again, six months after the Bush administration lifted tariffs that had been intended to protect the American steel industry from cheaper foreign imports.

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From Associated Press via MEMA Industry News

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WASHINGTON — The price of steel in the U.S. is rising again, six months after the Bush administration lifted tariffs that had been intended to protect the American steel industry from cheaper foreign imports.

The White House set up a temporary monitoring system within the Department of Commerce to look for signs of steel dumping by foreign-based producers. American steelmakers want to expand the scope of that system, which is scheduled to expire next March, and make it permanent.

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