The Truth About Steel Tariffs

In June 2025, the U.S. doubled the Section 232 tariff on most imported steel from 25% to 50%. While the United Kingdom remains at 25% under a trade agreement, nearly every other country now faces the higher rate.

These tariffs ripple through the entire steel supply chain, raising costs for domestic producers and building buyers. The scope of the tariffs was expanded in August 2025 to cover derivative products, closing loopholes and broadening the impact on construction materials such as pipes, tubes, wires, fasteners, and more.

Whether you buy a building with imported or U.S. steel, the updated tariffs are significantly impacting the final price you pay. Understanding the myths, cost factors at play, and pitfalls to avoid will help you make the best decision on your next steel building. Here is a breakdown of everything you need to know about how steel tariffs are affecting your building price.

Common Misconceptions About Tariffs

Russia and the Tariffs

A few years ago Russia was in the top 5 exporters with an 8% share, however since the war in Ukraine began, Russia and it’s tremendous steel production has dropped out of the top 5 with Taiwan taking its place.

After Russia invaded Ukraine (2022), the U.S. yanked Russia’s normal trade status and moved it to punitive “Column 2” tariffs, then layered extra, Russia-specific duty hikes and sweeping sanctions on its metals and mining sector. That made buying Russian steel costly and risky, so U.S. imports from Russia fell sharply and stayed low.

Taiwan can’t simply plug that hole. Its entire 2024 steel output was about 19 Mt versus Russia’s ~71 Mt – a much smaller base to draw from and many Taiwanese steel products still face U.S. trade barriers (the Section 232 steel tariff, recently increased for most countries, plus ongoing antidumping cases on certain Taiwanese flat-rolled products). Those frictions slow and raise the cost of any rapid shift, so the loss of Russian tons isn’t easily replaced—tightening supply and supporting higher prices.

Import Tariffs 101 Infographic

Other Effects of the Steel Tariffs

When it comes to our steel buildings, the tariffs increased prices for materials delivered. For example, a 40×60 steel building before the implementation of the tariffs was almost always under $35,000. As the tariff value was passed down stream, those materials increased to around $40,000. Today, this 2,400 square foot building has increased in price again due to the volatility of steel prices.

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While the tariffs are directly affecting the price of steel goods, they’re also affecting the business practices of companies that rely on steel for their products. In an effort to make up for the revenue lost to the higher price of steel, some steel building businesses are resorting to deceptive tactics to hook consumers.

Pitfalls to Avoid

Tariff pressure has also changed how some companies operate. To make up for higher material cots, some sellers resort to deceptive tactics:

“These businesses are quoting pre-tariff pricing, but then including several change orders that include extra costs. By the time the building is delivered, the consumer is left with a lower quality building at a price much higher than they were quoted.”

Lauren McCain – Vice President, General Steel Corporation

As smaller businesses are squeezed by tariffs, these practices are becoming more common. Customers can end up paying more than expected and receiving less in return.

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What to Do

The implementation of the tariffs have left consumers between a rock and a hard place with prices and uncertainty rising. If you’re looking to buy a steel building, we recommend staying ahead of the inevitable price increases by completing construction of your building as soon as possible.

We also recommend working with the most reliable building suppliers. This ensures that you receive the highest quality building at the fairest price with clear communication throughout the process. General Steel has been the premier steel building business in the industry over four decades.

Frequently Asked Questions About Steel Tariffs

Sources and Citations

  • White House Proclamation (June 3, 2025) – raises S232 steel/aluminum to 50% (UK 25% remains): https://www.whitehouse.gov/presidential-actions/2025/06/adjusting-imports-of-aluminum-and-steel-into-the-united-states/
  • CBP CSMS #65236374 (June 3, 2025) – entry filing, steel content lines, UK treatment at 25%: https://content.govdelivery.com/accounts/USDHSCBP/bulletins/3e36d96
  • BIS/Commerce press – expanded derivative coverage; reinforcement of 50% tariffs: https://www.bis.gov/press-release/department-commerce-adds-407-product-categories-steel-aluminum-tariffs
  • USITC 2023 study on tariff impacts (historical context & pass‑through): https://www.usitc.gov/publications/332/pub5405.pdf
  • Econofact (2020) – prior 25% steel tariff had ~50% pass‑through to domestic prices: https://econofact.org/steel-tariffs-and-u-s-jobs-revisited
  • General Steel infographic page (baseline tone/structure): https://gensteel.com/resources/infographics/how-steel-tariffs-affect-your-building-price/

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