Risk and Contracts​
Committee Initiatives

In 2025, U.S. tariffs have sharply increased — starting with a 25% levy on all steel and aluminum imports effective March 12, followed by hikes to 50% in many sectors by June 3. Deep foundation work relies heavily on steel intensive materials: rebar, steel casings, piling and heavy equipment components. Industry data show rebar prices surged over 26%, nearing $1,240 per ton…