JUNCTION CITY, Ore. – Owners of local businesses that use steel and aluminum said they’ve noticed an uptick in prices for those materials, after President Trump signed off on tariffs for the products last week.
The tariff imposes a 25% tax on steel and 10% for aluminum.
KEZI spoke with Gary Hansen who owns Radius Pipe Bending in Junction City. He said his business is known as one of the largest manufacturers of bike racks on the west coast, which means they purchase a lot of steel and aluminum throughout the year.
Hansen said they have seen prices for steel and aluminum adjust every single day. He said the prices have increased 25 to 30 percent in
just the last couple of weeks.
“On a daily basis, on any of the quotes we do or the bids we do, we have to literally call and get a new steel price, because they're definitely changing every hour of every day and there's real uncertainty of what the price is going to be tomorrow," Hansen said.
He said if they knew the prices would go up this much, he would have purchased more steel earlier when prices were lower.
Although Hansen said the change was unexpected, he said he is optimistic moving forward.
“I feel pretty good about it,” said Hansen. “We're going to get through it, like I said as long as it's a level playing field for everybody, then we're just like everybody else. We're going to have to get steel, we're going to have to get through this."