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Tariffs throw focus on global steel supply chains

The downward trend in both output and consumption of steel seen in mid-decade stabilized by 2016, Deloitte [1] reporting that output grew by 0.8 percent and consumption by 1.3 percent.

But although the global market has begun to recover in strength, the recent announcement of a 25% tariff on imported steel by President Trump is creating a new wave of turbulence. The US is the world’s top importer, with over $29 billion of steel shipped into the country during 2017 [1]. Although temporary exemptions have been introduced for the European Union (EU) and six other countries, this move could potentially start a major trade war, with serious repercussions for the steel industry.

Pressure on supply chains

With such uncertainty in the market, pressure on supply chains will be intense.

One area that is coming under increasing focus is the transportation infrastructure, including packing and load securing. Highly geographically distributed producers need to work with efficient specialists to supply their shipping solutions, unifying cargo security across all their divisions.

Finding a global partner

The global leader in cargo securing, Cordstrap have over 50 years experience of partnering with steel and metal manufacturers. Working with our global resources and accessing our innovative products and application techniques allows steel and metal producers to maintain their competitive advantage worldwide. Enhancing their transport supply chain and minimizing total cost of ownership - while reducing health and safety and product damage incidents during transit. Our cargo security experts can provide the advice and training needed to ensure total cargo security.

Specific solutions for the industry

Whether securing rolled steel coils on a flat rack or protecting coated metal products in transit, Cordstrap have a solution specifically designed to meet the needs of the steel and metal industry.

[1] www.Deloitte.com
[2] money.cnn.com 02.03.18

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