American Piping Products CEO comments on global trade fight

Al Rheinnecker, CEO of American Piping Products, was quoted in an Associated Press article on the world’s retaliation against protectionist trade policies recently implemented by U.S. President Donald Trump’s administration.

Rheinnecker described recent volatility in the price for steel piping products.

“Steel pricing is usually relatively stable,” Rheinnecker told the AP. But “since April, you can quote something on Monday, and if the customer doesn’t buy it right away, you may have to raise the price on Thursday.”

Read the full article here.