The steel market is about to change again. A newly announced 25 percent tariff on imported steel is set to take effect on March 4, 2025, and it will have an immediate impact on pricing, supply chains, and profitability for manufacturers, fabricators, and builders.
If your business depends on steel, now is the time to act. The decisions you make today will determine how well you navigate the coming price increases and supply challenges. Steel tariffs aren’t just a policy shift—they directly affect costs and supply. Here’s what to expect:
Steel Prices Are Going to Rise
With a 25 percent tariff on imported steel, foreign suppliers will be forced to raise their prices. But that’s just the beginning—domestic steel prices will likely rise as well. This means:
- Higher costs per ton for both imported and domestic steel
- Increased pricing pressure throughout the supply chain
- Tighter margins unless costs are passed on to customers
Waiting could mean paying significantly more in the coming months.
Increased Market Volatility
Whenever tariffs are introduced, steel prices don’t just rise—they fluctuate. The uncertainty in supply and demand will create price swings, making it difficult to predict long-term costs. If history is any guide, we could see:
- Sudden demand spikes as buyers rush to secure material before the tariffs hit
- Unpredictable price increases, making it harder to budget and bid on projects
- Shortages on key materials as mills and distributors adjust
If you’re waiting to see how things play out, you might find yourself paying more or struggling to find what you need.
Hascall Steel Has a Large Unallocated Inventory
With tariffs set to take effect soon, securing steel before prices rise is the smartest move. Hascall Steel has a large unallocated inventory available at current pricing, allowing you to purchase the material you need before costs increase. Acting now ensures you have the steel required for upcoming projects without the added expense of tariff-driven price hikes.
Call us at 616.531.8600 or email us to secure your order today.