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Economy

Local Manufacturers Hope for a Speedy Resolution of Trade Disputes

dan_collins.jpg
JEFF ST.CLAIR
/
WKSU
Dan Collins is vice president of sales and marketing at Wire Products Company in Cleveland. He says steel tariffs have caused an upheaval in his business and hopes for a speedy resolution of trade disputes with suppliers.

A Cleveland manufacturer says the tariffs imposed against imported steel are making it harder to do business in the U.S. It's hoping for a quick resolution of trade disputes with suppliers.

Dan Collins is VP of sales and marketing at Wire Products Company in Cleveland.

His two west-side plants convert coils of steel wire into latches, springs, hooks, and clips for everything from lawn mowers to jet airplanes.

Collins says, after years of steady pricing, the industry is in upheaval.

“It’s craziness what’s going on right now in the steel market,” says Collins.

He says raw material costs have jumped by up to 30 percent in recent months, and even domestic steel producers have raised prices to match the increase in imports.

He’s hoping trade negotiations with China will soon resolve the volatility.

“But," he says, "as long as the tariffs are in play it’s a crapshoot to see exactly when this will stabilize.”

Collins says automakers and other customers have been understanding of the price increases, but consumers will ultimately pay the bill.