Metal Bulletin reviews the major stories that have affected the steel market over the past week.
The United States will impose Section 232 tariffs of 25% on steel imports and 10% on aluminium imports from Canada, Mexico and the European Union, US Commerce Secretary Wilbur Ross announced.The Mexican steel association, Canacero, has welcomed the decision by the federal government to take reciprocal measures against the United States, following the imposition of Section 232 duties on steel imports from Mexico.The prospects of a successful conclusion to the ongoing talks to renew the North American Free Trade Agreement (Nafta) have taken a heavy blow from US President Donald Trump's decision on Thursday May 31 to impose duties on steel and aluminium products from Canada and Mexico at 25% and 10%, respectively. The Canadian International Trade Tribunal on Monday May 28 started its preliminary injury inquiry into imports of cold-reduced flat-rolled carbon steel products from...