The price for steel and aluminum products continues to increase as demand outweighs available supply.

This has forced many contractors to pay a premium for any materials they can scrounge together.

However, the US and EU recently reached an agreement to ease the tariffs on these products beginning December 1st, 2021.

With these tariffs lifted, a certain amount of steel and aluminum can be imported from Europe duty-free.

Here's everything you need to know about this agreement.