Canada, Mexico Steelmakers Refuse New US Orders

[Native]

Source: Bloomberg

Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the US on concerns that President Donald Trump soon will reimpose duties.

Canada’s Stelco has been telling US-based consumers it is pausing sales quotes, according to a person familiar with the matter. Mexico-based steel suppliers also stopped taking orders for material this week as they await potential action from Trump, according to Flack Global Metals, a large buyer.

Trump this week signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1. While the two countries are exempt from a sweeping 25% steel tariff the US imposed during the first Trump administration, there’s increasing concern in the industry that the metal won’t receive a carve out.

“There’s a lot of trepidation and changing commercial policy by the Mexican steelmakers with regards to their approach to this market,” Jeremy Flack, chief executive officer of Arizona-based steel distributor Flack Global Metals, said in an interview. “They’re off balance because of this. They’ve gone from concerned to unconcerned to concerned again.”



Read more: https://www.bloomberg.com/news/articles/2025-01-24/canada-mexico-steelmakers-refuse-new-us-orders-as-tariffs-loom?leadSource=reddit_wall

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Canada is our largest foreign import source of steel. Mexico is 3rd.

[Trust_Reality]

1. Hey neighbors, sounds good.

[Think. Again.]

2. The chaos is the goal.

[Lovie777]

3. The present USA administration...

have their own chaos which is building. The battle of the billionaires and who is truly running the country and my bet is on musk.

[rubbersole]

11. Putin. For a quarter.

[Auggie]

13. Yeah. Chaos Capitalism is the new Disaster Capitalism.

What better way to sneak in pro-corporate and pro-billionaire agendas than to create a climate of business chaos?

[Fla Dem]

4. And so the consequences begin. Thanks Donald.

No grasp of reality.

[Native]

5. it's clear he has no minders this go 'round.

[FakeNoose]

14. Nobody DARES to disagree with him

It's way worse than the last time. Before he had staffers that talked him out of doing REALLY STUPID stuff. Some of his staffers would quietly ignore Chump's worst orders, and by the next day he had forgotten about them.

That's not happening this time ... at least not yet.

[surfered]

6. He's too stupid.

[4catsmom]

7. I guess Trump thought they'd fall into line

like his American bootlickers. My hat is off to Mexico and Canada

[Deminpenn]

8. We all know what happens when

demand exceeds supply, don't we?

I suppose there's always Chinese steel, though.

[Midnight Writer]

9. Talked to my neighbor, a carpenter. They told him at the local lumberyard they are expecting massive price increases.

We import a lot of Canadian lumber. Tariffs on Canadian lumber, as Trump proposes, is going to jack prices way up.

Donald and Elon told us during the campaign Americans would have to suffer.

It's probably the only true thing they have ever said.

[paleotn]

10. That's the thing, Americans won't suffer anything without freaking out.

Americans can't handle hangnails much less real economic hardship. They'll freak and it won't be pretty.

[rubbersole]

12. But, but- "that damn Obama!"

Canadian lumber - "Woke trees!"

Mexican produce - "Illegal alien 🥑 avocado toast lefties!"

Magats will never blame tsf. But everyone else will.

[FakeNoose]

15. Is anyone surprised? Now we know why Justin Trudeau resigned

He doesn't want to deal with this shit ... and life is too short.

[turbinetree]

16. Hey all of you mine workers that voted for this POS.................how does it feel to be blackmailed

FAFO................and as a former miner from way back................as far as I am concerned any miner that voted for this POS is a scab..............

[mdbl]

17. Who can blame them?

Why invest in production when no one knows if it will sell?