[bert]

I know it is impossible, but the steel tariff must be thought of as a laser aimed rifle shot and not a blast of Number 7 1/2 shot gun pellets.

First of all, at present there is no such tariff imposed. When the tariff is actually imposed, it will be first on dumped steel and then on steel from recalcitrant trade pardners.

[mdmathis6]

So why did the price of steel rise on non tariffed foreign steel?(if the tariffs have been placed yet) Middle man profiteers or the same sort who raise the price on oil on war fears that don’t pan out?

[Ozark Tom]

The inventory was repriced based upon “tariff” news headlines, just as crude oil prices shift based on war rumors, without empirical evidence of a fundamental change in supply.