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World steel markets unfazed by Trump's tariff threat

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - The prospect of 25 percent U.S. tariffs on steel imports has raised fears of a global trade war but steel producers outside North America believe they can weather the storm without too much disruption to their business or steel prices.While the United States imported 36 million tonnes of steel in 2017, with Canada, Brazil and South Korea the leading suppliers, that was less than 8 percent of global steel market traded volumes of 473 million tonnes during the year.Also, while tariffs would price some imports out of the U.S. market, analysts at consultants ...

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First Published: Thu, March 08 2018. 22:02 IST
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