Steel Industry Tariffs and the Future of the Industry

Impact of Recent Steel Industry Tariffs

Summit Steel & Manufacturing was recently featured on an ABC News report about steel prices and the American steel industry, especially in light of recent tariffs that have been implemented as an element of the president’s trade policies.

Summit Steel’s own Frank Payne was happy to tell ABC about how hopeful we are about the future of American steel. Payne feels the steel tariffs on imported products have leveled the playing field for companies that do all their work in the U.S., like Summit Steel. While some are pessimistic and point out that the rise in imported steel prices is leading to a corresponding increase in domestic prices, with those costs shouldered by American manufacturers, others feel something needed to change to make the U.S. more competitive.

Our president, Gary Romig, was quick to point out that business has been on an upturn and Summit is not feeling a negative impact from the new trade environment, even with having to pay a bit more for raw materials. Romig cited an increase in inquiries from foreign companies looking to use U.S. steel to make the products they are looking to sell in the United States.

Payne, for his part, has been in the steel industry long enough to remember being laid off in the 1980s. He is heavily encouraged by the opportunity he feels the new trade approach has given him and his co-workers to keep earning a living.

Why Summit Steel Succeeds: A Commitment to Country and Quality

A big piece of why we are so confident in our future is our approach to steel manufacturing. We do all our work right here in the U.S. in our 120,000-square-foot facility. We are an all-in-one contract manager, so our customers don’t need to worry about where their project is. It is always in our facility until it is ready to ship out to the customer. Every step takes place at our plant. We specialize in products for a variety of industries, using advanced equipment technologies and highly trained personnel. Larger, high-volume products are a particular specialty. This commitment to being a complete metalworking solution for our customers is why we have thrived since 1992.

Summit Steel and the Future

No matter what the economic circumstances are, we will remain committed to providing quality steel products for as many businesses as we can throughout Pennsylvania and beyond. We believe hard work, loyalty and dedication can overcome any hardship. That policy has kept us going for over 35 years, and we expect it to keep us going far into the future.

We’re happy to help you with all your metalworking and steel manufacturing needs in Pennsylvania and throughout the East Coast. To learn more about our metal manufacturing services and how they can benefit your business, give us a call at 610-921-1119 or contact us online today.