BUZZ-Japan's steelmakers underperform on U.S. import tariff worries

By Kitco News / March 01, 2018 / www.kitco.com / Article Link

** Steelmakers tumble; Nippon Steel & Sumitomo Metal Corp down 3.7 pct to 2,424 yen, lowest since last June; JFEHoldings declines 3.7 pct to 2,323 yen, lowest sincelast Oct; Kobe Steel falls 3.0 pct to more than 2-weeklow of 1,122 yen** President Donald Trump said the United States wouldimpose import tariffs on steel and aluminium ** Trump said the duties of 25 percent on steel and 10percent on aluminium would be formally announced next weekalthough White House officials later said some details stillneeded to be ironed out** Nikkei falls 2.6 pct


(ReutersMessaging:ayai.tomisawa.thomsonreuters.com@reuters.net) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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