Business Services Industry
Suppliers don't expect much from tariff easing; Steel exemptions limited in scope.(Metaldyne Corp.)(Brief Article)
Crain's Detroit Business, August, 2002 by Kosdrosky, Terry
Auto suppliers aren't expecting any steel price relief from the exemptions to the steel tariff President Bush announced Thursday. The 178 exemptions, as with all exemptions to the tariff, are for specific grades of steel for specific products. It's just a drop in the bucket for auto suppliers, which produce thousands of steel-based parts.
Suppliers have grappled with steel price increases much of the year as domestic mills have raised prices to match the 30 percent tariff on some imported steel. Bush imposed the three-year tariff in March. The exemptions will help some suppliers, but they likely won't lower market prices, said Neil De Koker, president of the Troy-based Original Equipment Suppliers Association. ``We're still going to be dealing with the...
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