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US Steel Tariffs Got Raised Yesterday

Steel Market
US steel tariffs got raised yesterday and it will affect UK steel market by using steel making furnace. Shadow business minister, Angela Eagle said :”US charge such a high tariff on steel produced by blast furnace for steel, so these commodities will enter Europe market as there is no other place to go, and this will damage our industry.” Eagle also recommends that the EU must take prompt measures, such as raising their own tariffs.

Gareth Stace, supervisor of British steel said :” the cargo contains steel for selling to US has to turn around towards Europe now. However, People from Department of Business Innovation and Skills think the tariffs will not affect UK steel market(using 8-200m3 blast furnace) a lot as the tariffs in US was higher than UK before.

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