Bobby. wrote Yesterday at 4:33pm:
The tariff applies to all countries -
therefore it will increase the price of steel and aluminum for customers in the US -
so it will not affect our sales except if we compete with a US company.
We may not see a drop in sales.
It will only increase price of imported steel/alloys in the US.
These tariffs will help companies making this in the US they will buy American.
Saudi Arabia makes twice as much steel as we do. Our Aluminium smelters are going bust under AnAls renewable rubbish increasing costs for them which AnAl then throws taxpayer money in subsidies at so they can stay in business.
Quote:Response to US steel tariffs
We are aware of media reports this morning that President Trump has said he will announce tariffs on steel and aluminium imported to the US.
BlueScope has been investing in the United States for 30 years. Most recently, we have spent $2 billion on acquisitions and brownfields expansion of our operations there. BlueScope is now the fifth largest steel producer in the US, employing 4,000 American workers.BlueScope abides by all trade rules and agreements. We will continue to work with the Trump administration and the Australian Government, as we await further details. We have no further comment to make at this stage.
https://www.bluescope.com/news/Response-to-US-steel-tariffs The elephant in the room nobody is talking about is why does Australian company Bluescope invest over $2 billion ($3 billion Australian) to make steel in the US instead of making it here?
Is it wage costs much higher here?
Is it energy costs much higher here?
Is it company taxes including payroll tax that make it cheaper to do this in the US?
Albo wants to build stuff here while he is sending everyone broke
Quote:Construction crisis looms as Australia’s only float glass manufacturer goes bust
Australia’s construction industry just took another hit, with the country’s only architectural float glass manufacturer, Oceania Glass, entering voluntary administration.
The Dandenong-based company, which employs 260 people and produces 165,000 tonnes of flat glass a year, has long been a key player in the sector.
Oceania Glass has been a staple of Australian manufacturing since 1856. With distribution centres in Melbourne, Sydney, Perth, and Brisbane,
https://build-it.au/tradies/construction-crisis-looms-as-australias-only-float-g...
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