President Trump just raised tariffs on steel and aluminum imports to 50%—doubling the previous rate. The reason? The original 25% left too many loopholes for foreign producers. This move sends a clear message: the U.S. is tightening control over critical materials and pushing to strengthen domestic supply chains.
Markets took notice. Hot Rolled Coil futures for July moved higher, a sign that traders are already pricing in the impact before it hits on the ground.
One of the biggest shifts? A tougher stance on imported CORE (corrosion-resistant) steel—especially thin-gauge coated products used in autos, appliances, HVAC, siding, and roofing. These materials have long helped fill supply gaps in the U.S., but that channel is narrowing fast. Domestic mills may soon feel the pressure to take on more coated production.
This won’t happen overnight. Lead times—which are already stretched—could extend further as mills retool to handle a more complex product mix.
What to Watch For:
- U.S. mills may ramp up coated steel production later this summer—expect possible bottlenecks.
- Traders appear to be moving early, pricing in potential supply risk.
- Buyers waiting too long may get caught in a crunch if demand jumps.
- Products like GALV, GVNL, GVLM, and ALMZ could see increased volatility.
At Hascall Steel, we’re keeping a close eye on these developments. Our team is working to stay ahead of the curve—so you don’t get left behind when the market shifts.
Now’s the time to plan.
Let’s talk about how to keep your supply steady and your projects on track.
Contact Hascall Steel today.