Al Ghurair Iron and Steel says US exports will be hit due to tariffs | GulfNews.com

Al Ghurair Iron and Steel says US exports will be hit due to tariffs | GulfNews.com:

"Al Ghurair Iron and Steel, a joint venture between Nippon Steel Sumitomo Metal Corporation of Japan and UAE’s Al Ghurair Group, expects steel exports to the US will be hit due to the introduction of tariffs on imported steel and aluminium by the US government, the chief executive officer of the firm told Gulf News in an interview. “We are still getting enquiries from our US customers, however pricing has become a challenge. Even after the tariffs were announced, the buyers in the US have continued to send us enquires but they expect the prices to be discounted to offset the impact of the new 25 per cent tariffs,” said Abu Baqer Hussain, adding that US is a net importer of steel and their domestic mills don’t cater to the entire demand of the metal in the country. He said that the market sentiment is down due to protectionist measures undertaken by the US government and customers are feeling the heat. "



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