Trump's steel tariffs raise concerns, may worsen glut of metal in Asia

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Trump's steel tariffs raise concerns, may worsen glut of metal in Asia - Business Standard

Quick Summary:

Also, some of the affected volumes stand to include niche steel products that are set to keep flowing to the US even in the event of full-scale tariffs.

In the Asia-Pacific, it’s a relatively small volume of flows that stand to be affected: a total of about 3.75 million tonnes from South Korea, Japan and Australia last year, according to US government data.

Asia-Pacific nations including Japan, South Korea and Australia all currently have exemptions from existing US tariffs launched in Trump’s first term, as do Canada, Mexico and a few others.