EFTA Document EFTA01385466

January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite Efforts Employed to Avoid Tariffs: Transshipments & Mislabeled Goods An unfortunate consequence of globalization, the North American steel market has evolved into an attractive target for foreign steelmakers to arbitrage steel prices by selling their products abroad rather than at home. Figure 29 displays the seven largest steel exporters to the U.S. This phenomenon is driven by disparities in regional steel prices