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Steel Construction Unaffected by Steel Tariffs [INACTIVE]

March 07, 2002 From AISC, Inc.

Contrary to some media reports, President Bush’s proposed tariffs of up to 30% on steel imports will not affect the commercial building market. While the action may indeed result in higher prices on such products as cars and appliances, the hefty tariffs do not apply to structural steel.

“President Bush’s recommendations should have no affect on the price or availability of structural steel in the United States,” stated H. Louis Gurthet, president of the American Institute of Steel Construction, Inc.

Bush’s report to Congress does not recommend or impose tariffs on the products that are used in the construction of steel-framed buildings-such as wide flange members (sometimes referred to as I-beams), angles and channels. As a result, the imposed tariffs will have a limited impact on the steel construction market. However, the tariff situation may affect concrete construction prices, since Bush recommended a 15% tariff on reinforcing bar-a key ingredient in concrete construction.

Currently, the mill price of structural steel is approximately the same as it was 30 years ago—but with two important differences. Today’s steel is nearly 40% stronger. And, all domestically produced beams and columns are manufactured almost exclusively from recycled material. (For more information on steel recycling, please visit http://www.aisc.org/steelfanatic.html.)

Steel availability is currently at excellent levels with an even rosier future ahead with the anticipated start-up of another major domestic steel mill. Steel Dynamics Inc. reported that they anticipate shipping beams and columns beginning in May, joining the strong production of Nucor-Yamato Steel and TXI-Chaparral. (For more information on steel production in the United States, please visit http://www.nucoryamato.com, http://www.chaparralsteel.com, or http://www.steeldynamics.com.)

AISC, headquartered in Chicago, is a not-for-profit technical institute and trade association established in 1921 to serve the structural steel design community and construction industry in the United States. AISC’s mission is to make structural steel the material of choice by being the leader in structural-steel-related technical and market-building activities, including: specification and code development, research, education, technical assistance, quality certification, standardization, and market development. AISC has a long tradition of more than 80 years of service to the steel construction industry providing timely and reliable information.


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For more information contact:

Scott Melnick
VP of Communications
(312) 670-8314
[email protected]


 

American Institute of Steel Construction
The American Institute of Steel Construction, headquartered in Chicago, is a not-for-profit technical institute and trade association established in 1921 to serve the structural steel design community and construction industry. AISC’s mission is to make structural steel the material of choice by being the leader in structural steel-related technical and market-building activities, including: specification and code development, research, education, technical assistance, quality certification, standardization, and market development. AISC has a long tradition of service to the steel construction industry of providing timely and reliable information. 

130 East Randolph St. Suite 2000
Chicago IL 60601
Phone: 312.670.2400
Fax: 312.626.2402
www.aisc.org