STEEL MARKET
Domestic steel markets most affected by aluminum, steel tariffs
There's no doubt that imports of steel and aluminum products have been impacted by President Trump's steel tariffs. But exactly how much? A recent state-by-state analysis of Census Bureau trade data by U.S. News highlights changes in imports between the first six months of 2017 and the first six months of 2019.
According to the analysis, the states importing the most metals affected by Trump's steel tariffs this year include:
- Texas - $4.77 billion
- California - $1.96 billion
- Illinois - $1.93 billion
- Pennsylvania - $1.11 billion
- Michigan - $1.03 billion
- New York - $993.35 million
- Ohio - $967.26 million
- Maryland - $944.59 million
- Georgia - $783.69 million
- Louisiana - $719.54 million
On the other hand, the states most dependent of metals affected by Trump's steel tariffs include:
- West Virginia - 6.33% of total imports
- Maryland - 5.37% of total imports
- Louisiana - 4.50% of total imports
- Alabama - 4.46% of total imports
- Arkansas - 3.21% of total imports
- Texas - 3.16% of total imports
- Ohio - 2.85% of total imports
- Oregon - 2.59% of total imports
- Illinois - 2.5% of total imports
- Pennsylvania - 2.42% of total imports
The rest of the analysis goes on to detail a less than rosy outlook for steel demand for the rest of the year. Check the Steel Reports section frequently on SNIPSmag.com for more insights on steel market performance and steelmaker news.
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!
