As trade war escalates, pocketbooks suffer
O MANUFACTURE FLAT-ROLLED STEEL, you need to start with a steel slab. For a company called NLMK USA, which makes carbon flat-rolled steel in Farrell, Pa., there’s nowhere to get those slabs domestically. That’s meant it has to source them from China—and pay a 25% import tariff—or find an overseas supplier exempt from the tariffs. Meanwhile, prices have climbed as companies in the same situation scramble to find new supplies. As its costs rise, NLMK USA is
