Trump tariffs some steel inputs, spares others

From argusmedia.com

US president Donald Trump imposed a sweeping tariff regime Wednesday that will raise the cost of raw materials for steelmakers that operate electric arc furnaces. Pig iron from Brazil, direct reduced iron from Trinidad, and ferrous scrap from the UK will face 10pc tariffs. Ferrous scrap imports from the EU will face a 20pc levy. The tariffs begin April 5 and will not include shipments already in transit before that date. Two notable exceptions from the announced tariffs are scrap from Mexico and Canada. Canadian and Mexican scrap In February and March, Trump placed 25pc taxes on all imports from Mexico and Canada, ... (full story)