Ship Cost News Today

Samsung Electronics is the world's second-largest chip contract manufacturer, after Taiwan Semiconductor Manufacturing Co.

Rockies. unlike mills in the midwest that makes steel, california imports its raw material in slabs. converting it into coils and pipes and sell it to companies that turn finished steel into framing, solar panels and more. >> we are american jobs. >> reporter: one problem is transportation. importing slabs from mexico and brazil by ship cost $20 a ton. moving it by rail from the midwest more than $100. >> the freight cost to bring from those countries to california, cost one fourth of the freigh...

>> reporter: the problem is that china has been dumping finished steel like you see in that coil at $200 a ton. u.s. market price is $400 a ton. you can see that slapping a tariff necessarily in the slabs wont solve the problem. these guys are the largest in port of l.a. they have 200 customer who buy their product. you can see the ripple effect in the economy if a like this largest in the west coast, goes down the tubes. back to you. >> julie: thank you. >> jon: fox news confirms president trum...

Thing. and thats whats gonna hurt us as a company if this goes through. >> if they impose tariffs on the slab, it will harm our business very bad. >> reporter: california steel is the largest producer west of the rockies. california imports its raw material in slabs, converting it into coils and pipes then selling it to companies that turn finish school into framing, solar panels and more. >> talking about saving american jobs, right? we are american jobs. >> reporter: he said one problem is tra...