Has Trump the rump affected you personally unfortunately

[Underhill]

Would you cite a few examples for us?

It's simple. We build massive structures with steel. Steel prices impact us directly and indirectly. Our customers are able to buy less because of increased prices, so we get less orders. On top of this our existing orders, which were priced out at last years steel price, are costing us more to make, meaning less profits on work going through our shop now.

And it isn't just us. Fords CFO was recently complaining about the same thing.

 

[tytlyf]

Trump -- or his appointees -- are overturning and sabotaging many programs, protections, and regulations that will most likely have an effect on me (and millions of others), given time. For instance:

67 Environmental Rules on the Way Out Under Trump

This is what happens when Big Oil gets to write laws. Government sold to the highest bidder. They don't care about us little people, profits are more important to them.

We all know dumping toxic chemicals is cheaper than finding a way to do it responsibly.

 

[Lyndon]

Someone needs to dump some of those toxic chemicals in Trumps bedroom!!

 

[Revoltingest]

Yeah;
I have come to despise liberals more than I did a few years ago.

You should work on letting go of that.
2.7% of them are fine people....just
with a different perspective on things.

 

[esmith]

You should work on letting go of that.
2.7% of them are fine people....just
with a different perspective on things.

Yeah, unfortunately you are right. I'll try and work on it. 2.7%; I thought it might be a bit lower, is it possible that when you divided the number of "fine liberals" by the total number of liberals and multiplied the result by 1000 instead of 100 to get the percentage?

 

[Shaul]

It's simple. We build massive structures with steel. Steel prices impact us directly and indirectly. Our customers are able to buy less because of increased prices, so we get less orders. On top of this our existing orders, which were priced out at last years steel price, are costing us more to make, meaning less profits on work going through our shop now.

And it isn't just us. Fords CFO was recently complaining about the same thing.

Actually the current prices for steel are down from the second half of last year.
Steel | 2016-2018 | Data | Chart | Calendar | Forecast | News

Probably due to foreign dumping into the U.S. market because of the slump in prices. Which was one rationale Trump gave for the tariffs. His tariffs would be 25% but, obviously, only on foreign imported steel. Also domestic suppliers are ramping up production. IOW the prices will stabilize and increase domestic production and employment in the steel industry. It does mean that your company won’t be able to exploit the “fire sale” prices from foreign producers. But those were artificial and came at the expense of employees of the U.S. steel workers. Your company should be fine if it uses domestic steel production. It sounds more like your company wants to use the steel tariffs as an excuse to mask other internal problems.

 

[Shaul]

Someone needs to dump some of those toxic chemicals in Trumps bedroom!!

Is that what the “feminine side of God” that your signature talks about would want? That doesn’t sound like love or tolerance so much.

 

[Kangaroo Feathers]

Someone needs to dump some of those toxic chemicals in Trumps bedroom!!

I imagine it's already pretty toxic in there.

 

[Revoltingest]

Yeah, unfortunately you are right. I'll try and work on it. 2.7%; I thought it might be a bit lower, is it possible that when you divided the number of "fine liberals" by the total number of liberals and multiplied the result by 1000 instead of 100 to get the percentage?

Aye, we want to be friends with the interesting & civil liberals.
They have perspectives worth understanding & discussing.

 

[Underhill]

Actually the current prices for steel are down from the second half of last year.
Steel | 2016-2018 | Data | Chart | Calendar | Forecast | News

Probably due to foreign dumping into the U.S. market because of the slump in prices. Which was one rationale Trump gave for the tariffs. His tariffs would be 25% but, obviously, only on foreign imported steel. Also domestic suppliers are ramping up production. IOW the prices will stabilize and increase domestic production and employment in the steel industry. It does mean that your company won’t be able to exploit the “fire sale” prices from foreign producers. But those were artificial and came at the expense of employees of the U.S. steel workers. Your company should be fine if it uses domestic steel production. It sounds more like your company wants to use the steel tariffs as an excuse to mask other internal problems.

Virtually nobody uses domestic steel as it barely existed as a marketplace a year ago (even ramped up it is a tiny part of the marketplace). We do, however, use North American steel (mostly sourced from Canada) as most of our domestic contracts call for it.

And the 'fire sale' prices simply drive down prices on steel across all markets, which is why last year (at this time) prices were lower by near 50%. Even if they are not lower at any given moment, the market is now unstable, so we have to price our products higher because who knows where the market will be in 6 months or a year.

But there is no real fire sale. Look at the 5 year steel prices. Steel prices were already way up since Trump took office..

 

[Shaul]

Virtually nobody uses domestic steel as it barely existed as a marketplace a year ago (even ramped up it is a tiny part of the marketplace). We do, however, use North American steel (mostly sourced from Canada) as most of our domestic contracts call for it.

And the 'fire sale' prices simply drive down prices on steel across all markets, which is why last year (at this time) prices were lower by near 50%. Even if they are not lower at any given moment, the market is now unstable, so we have to price our products higher because who knows where the market will be in 6 months or a year.

But there is no real fire sale. Look at the 5 year steel prices. Steel prices were already way up since Trump took office..

The U.S. is the world’s number steel producer. Your company could use U.S. suppliers and avoid all the tariffs. That’s the point. So Trump isn’t causing your company’s problem. It is your company’s choice to continue to use foreign suppliers that is the problem.

 

[Lyndon]

Total BS, you Trumpies will stop at nothing, China produces 10 times as much steel as USA

Top 10 Steel Producing Countries In The World

 

[Shaul]

Total BS, you Trumpies will stop at nothing, China produces 10 times as much steel as USA

Top 10 Steel Producing Countries In The World

First of all I’m not a “Trumpy”. I understand your misreading my post. What I intended to write was that ypthe U.S. is the number 4 producer of steel in the world. Which is correct. And which your link agrees with. So my original point is correct. A U.S. company could use U.S. sources for steel without difficulty. So thanks for helping me make my point.

 

[Underhill]

The U.S. is the world’s number steel producer. Your company could use U.S. suppliers and avoid all the tariffs. That’s the point. So Trump isn’t causing your company’s problem. It is your company’s choice to continue to use foreign suppliers that is the problem.

First, no we aren't. Not even close. China produces nearly nine times as much steel as we do. Second, 'steel production' is a bit of a misnomer in this country as 2/3's of the steel in the US is not produced from ore but from scrap. In other words, we aren't making most of it from ore, we are recycling it.

Second, I am not in the purchasing department, but you better believe they take finding the cheapest supply of steel that meets our requirements very seriously. My company is less than 100 miles from the Canadian border. That is probably a factor. The fact that we require steel to meet a very specific quality standard is probably another. I know we have had some issues with steel from certain Asian countries being outside our specs.

Third, you are insane if you think putting tariffs on the vast majority of steel in the world will not impact prices domestically. Of course we could get domestic steel, but it will still be more expensive as demand will shoot up because everyone who uses foreign steel (most US manufacturing) will be facing the same issue. Eventually it may equalize but by then who knows where our economy will be.