Rising trade tensions between the US and Europe over control of Greenland could raise raw material costs for US electric arc furnace (EAF) steelmakers importing prime scrap. President Donald Trump threatened on 17 January to impose an additional 10pc tariff on US imports from the UK, Denmark, Finland, France, Germany, the Netherlands, Norway and Sweden from 1 February, because of their participation in a military mission in Denmark's Greenland territory, which he is threatening to annex. The tariffs will rise to 25pc from 1 June if a deal for US ownership of Greenland is not reached, Trump said on his social media ... (full story)