2 results

Donald Trump took markets and many of his own advisers by surprise last week by announcing plans to impose a tariff of 25 per cent on steel imports and a 10 per cent charge on aluminium entering the country. Photograph: Andrew Harrer-Pool/Getty Images

Resistance to the US president Donald Trump’s pledge to slap tariffs on steel and aluminium imports(...)

A worker at an  Arcelor steel plant. The company, which makes 6-7 per cent of global steel and is a broad gauge for the health of the global manufacturing industry, says it believes it had passed the low point of the economic cycle. Photograph: Yves Herman/Reuters

(...) 2014 were looking up, after higher US steel shipments and mining output boosted third-quarter profits(...)