STEEL WEEK IN BRIEF: US Section 232 import tariff; Vale's Q4 results; ArcelorMittal, NSSMC deal to buy Essar Steel...

By Ana Paula Camargo / March 02, 2018 / www.metalbulletin.com / Article Link

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

All eyes were on US President Donald Trump's announcement that he will sign off on tariffs of 25% on steel imports and 10% on aluminium imports at some point next week and keep them in place for a "long" period.His decision led several steel associations and governments around the world to raise concerns and criticize the upcoming measures.The European Steel Association, Eurofer, has welcomed the European Commission's pledge of "appropriate and swift measures," while the Mexican steel association, Canacero, has called on the federal government to take "reciprocal measures" against the US.Brazilian steel institute A??o Brasil said that the inclusion of Brazil-origin goods in the tariffs does not meet what it considers to be a fair trade relationship [LINK 1], while industry group UK Steel said that steel mills in the United Kingdom will be heavily disadvantaged if blanket tariffs are applied.Vietnamese re-rollers are fretting over the import tariff that...

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