A lack of information on the extended Section 232 tariffs that were announced by US President Donald Trump on Friday January 24 has made it difficult to predict the impact on the downstream steel and aluminium markets.
The steel and aluminium tariffs will be set at 25% and 10% respectively and will take effect on February 8, according to the presidential proclamation."I don't see a major change [from the tariffs]. The vast majority of bumpers, body parts and wire-type components seem to be highly specialized and localized for the markets here," Abraham...