Steel Products
STI sees jobs, tariffs, and commercial as top 2025 priorities
Written by Ethan Bernard
December 13, 2024
The Steel Tube Institute (STI) has outlined three priorities for 2025: skilled trade jobs, tariffs, and commercial building adaptations.
STI said the priorities reflect anticipated changes to steel and manufacturing. These are due to the incoming presidential administration.
Jobs
STI said a renewed interest in domestic manufacturing will boost local economies.
Additionally, it will “create hundreds of thousands of high-paying skilled labor jobs, which are becoming increasingly appealing to young professionals,” according to a statement on Wed, Dec. 11.
“The push to trade gasoline-powered cars, natural gas heating and gas stoves for their electric counterparts will drive demand for skilled electricians,” Dale Crawford, executive director of STI, said in the statement.
“This is why the Steel Tube Institute and its member companies are advocating for a new generation of skilled tradespeople to support electrification across industries,” he added.
Crawford said STI hopes the next generation is aware of opportunities “outside of college and the gig economy.”
Tariffs
STI supports tariffs on imports for items that can be produced domestically.
The institute and its member companies “are prioritizing their support for more funding for commercial enforcement for customs and border protection.”
“As innovation continues to add complexity to products, customs and border protection agents must be equipped with the resources to properly implement tariffs,” STI added.
The organization has broadened its bylaws to join forces with its Canadian counterparts. They aim “to ensure continued quality and clean practices are appropriately enforced as steel products are imported from foreign manufacturers.”
Commercial building adaptations
STI cited a recent Deloitte study noting that commercial real estate is expected to rebound in 2025. Global economic growth and lower inflation are seen bringing stability to the market, the study said.
This will give “new life to buildings that have remained vacant in the years since the pandemic,” STI said.
The institute expects changes to the way older commercial buildings – especially high-rises – are used “will necessitate changes to how those buildings are wired.”
“These changes, coupled with growing pressure to demonstrate sustainability, make a strong case for the use of steel conduit in electrical raceways,” STI added.
STI’s Crawford said companies returning to the office after working remotely “are looking for buildings that meet their customers’ demand for efficiency and sustainability.”
The Steel Tube Institute is a Chicago-based organization that promotes the steel tube industry.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Products
Final Thoughts
It's that time of year again. You know, that time when people wonder if those things are drones in New Jersey or if the aliens are ready to come onto the stage just in time for Inauguration Day. What will that do for steel price volatility? In any case, the SMU team finds itself in Pittsburgh this week.
November service center shipments and inventories report
Steel Market Update is pleased to share this Premium content with Executive members. For information on how to upgrade to a Premium-level subscription, contact info@steelmarketupdate.com. Flat rolled = 61.4 shipping days of supply Plate = 50.5 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers remains seasonally high. November inventories edged down […]
Domestic CRC prices edge up, import tags hold
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was relatively flat in the week ended Dec. 13.
SMU Community Chat replay now available
Written by David Schollaert November 13, 2024 Share on LinkedIn The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need […]