Midwest and European premiums favoring Canadian producers

It has been a difficult year for Canadian producers. They have gone from enjoying complete exemption from Section 232 tariffs to paying 50%. I doubt any business can easily manage through a revenue swing of 60%.

The imposition of the 50% tariff on P1020 has been compounded by its application to the heavily value-added product shipments to the U.S. The duty applied to the upcharges, ranging from 10¢-30¢ per pound (¢/lb), has added financial sting.