Category Archives: tariffs

Industry News Round-Up

Here’s a round up of some top industry stories from this week:

CONSTRUCTION DIVE MODULAR BUILDER OF THE YEAR: SKENDER.

Chicago-based Skender, a traditional construction firm for 64 years that’s now primarily known as a modular builder, says it’s on the cusp of a proposition that is as efficient a business model as the industry can imagine. From Construction Dive’s point of view, Skender offers the most promising

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LIVE from METALCON – DAY 2

METALCON LIVE

Coming to you from Day 2 of METALCON 2019 at the David Lawrence Convention Center in Pittsburgh, PA. Non-stop action continued as thousands of professionals in the metal design and construction industry gathered to network and learn from each other and experts. The day began with a Keynote Address from former professional ice hockey center and seven-time Stanley Cup champion, Bryan Trottier. Trottier spoke to a packed theatre about finding strength in teamwork and diversity. The keynote address was sponsored by Pittsburgh based premier sponsor, PPG.

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Theater Education Schedule Announced for METALCON 2019

METALCON’s commitment to the industry goes far beyond exhibits. The show not only offers one on one interactions with exhibitors, but also offers opportunities to learn from industry experts. The METALCON team is excited to announce this year’s “line-up” for the PPG Theatre, sponsored by PPG which is headquartered in the host city, Pittsburgh. In addition PPG is sponsoring Bryan Trottier, former professional ice hockey player for the Pittsburgh Penguins and seven-time Stanley Cup winner, as one of the keynote speakers. A full schedule of general sessions on key industry topics will be available throughout the show in the PPG Theatre.

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Steel Tariffs — Hot Topic at METALCON 2019

Although imposed over a year ago, steel tariffs are still making headlines in today’s news. How have they affected your business this past year? Earlier today, Bloomberg News reported that after one year since the tariffs were imposed that it’s had mixed results. They are reporting that while the steel industry saw some growth in job creation, it was at a cost of approximately $900,000 per job to the taxpayer. And while American steel producers of materials like nuts and bolts saw significant gains in sales as a result of increasing their prices, large American steel companies like NUCOR and U.S. Steel saw their overall shares slump in the past year.

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Keynote Speakers at METALCON 2018

Steve Smith, former Carolina Panthers star and Dan DiMicco, former CEO of NUCOR Steel will lead the Keynote Addresses at METALCON 2018

Join us at the redesigned METALCON show October 10-12, 2018 in Charlotte, North Carolina, and be among the largest number of metal professionals in the industry.  Your Total Experience will include the exhibits along with the education sessions ALL located on the show floor.  Key industry topics will be presented at the new METALCON Theatre including two keynote addresses along with multiple general sessions.

Wednesday, October 10, 11:00 am – 12:00 pm:
Steve Smith, NFL star formerly with the Carolina Panthers, will be speaking on perseverance, teamwork and overcoming obstacles.  Mr. Smith and his wife now head their non-profit organization called the Steve Smith Family Foundation, dedicated to providing hope and inspiration to those in need while promoting family health & wellness as well as the awareness and prevention of domestic violence.

Thursday, October 11, 11:00 am – 12:00 pm:
Dan DiMicco, retired CEO, current Chairman Emeritus of NUCOR Steel, and author of the book, “American Made,” will be speaking on “The Good the Bad and the Ugly on Steel Tariffs.”  Mr. DiMicco not only revived a major US manufacturing firm during a recession, but helped galvanize the flagging domestic steel industry when many of his competitors were in bankruptcy or headed overseas. NUCOR is the largest producer of steel in the United States and also consider themselves North America’s largest recycler.

We are thrilled to have these two giants in their respective industries – Steve Smith, NFL star, and Dan DiMicco, steel industry icon – lead the METALCON Keynote Addresses at this year’s show.  With our new Total Experience package, there is no need to pay extra to attend these sessions and no need to go searching for them.  The METALCON Theatre will be located directly on the show floor.  All located in one place, for one price.

REGISTER TODAY! And INVITE A COLLEAGUE to register too!

Harley’s “Revving Things Up” in Tariff War

A new twist to the ongoing “tariff war” was added this week when American-made Harley-Davidson announced on Monday that it will move its production of motorcycles for sale in the European Union outside the United States.  Harley-Davidson has been headquartered in the U.S. for 115 years.

The Milwaukee-based company views offshore production as “the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable Continue reading

Steel Tariffs – Ongoing Negotiations

On May 1, the Trump administration extended negotiations on steel and aluminium tariffs for 30 days with Canada, the EU and Mexico, and reached a deal in principle with Argentina, Brazil and Australia.  With the extension now over, US companies buying EU steel will now have to pay a 25% tax, while aluminum has a 10% tariff after the Trump Administration cited national security interests.  The EU has decided to launch counter-tariffs on US products, including bourbon whiskey, jeans, Harley Davidson motorcycles and steel, starting from the end of June. And while the United Kingdom is currently included in the EU tariffs deal, they hope to negotiate an exemption once Brexit is finalized. Continue reading

Magnificent Metal “Madness”

basketball-dunk-blue-game-163452.jpegMarch Madness was full of surprises this year including some awesome “Cinderella” stories (even my alma mater made a surprising appearance in the Sweet 16!).  In the end, #3 ranked Michigan State and #1 ranked Villanova will face off tonight to be crowned National Champion.  If you “gambled” with your bracket, you may be sitting pretty tonight but chances are, your bracket busted early on like the masses.  March also brought a different type of “gambling” to the world stage of “trade wars,” creating the metal and steel industry’s own “march madness.” Continue reading

To Tariff or Not to Tariff?

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If you have been paying attention to the news, you will know that the current Administration’s proposed new tariffs on steel and aluminum could have major implications to the metal construction industry.  When the news broke a couple of weeks ago, it made headlines and rattled the industry.  Cheers could be heard from U.S. steelmakers while jeers could be heard from companies that rely on importing steel, not to mention the U.S. allies who immediately rejected the proposed tariff.  Over the past couple of weeks, initial concerns about the excise tariffs on aluminum and steel have somewhat relaxed after the administration softened its stance by offering exemptions, first for Canada & Mexico and then for additional allies including the European Union, South Korea, and Australia. This lowered the elation felt by U.S. steel and aluminum makers which showed in the market when US Steel dropped by 11%. Continue reading