According to media reports, Tata Steel UK and British Steel said that their clients had panicked and began to cancel orders after the US administration of 25 percent duties for imports from all countries without exception.
Rajesh Nair, CEO of Tata Steel UK, said that sales and profits of the company can suffer significant damage, as its customers want to go to other suppliers so as not to get into the tariff war. At the same time, in some cases, customers ask Tata Steel to compensate for the costs of tariffs that must be paid by importers in the United States, according to Mr. Naira.
At the same time, Allan Bell, the chief operating director of British Steel, noted that the company supplies about 50,000 tons per year in the USA. According to him, customers are concerned about the influence of tariffs and consider the possibility of canceling their orders. Mr. Bell also added that in cases where British Steel is the only supplier of certain types of steel products, its customers consider the possibility of purchasing this steel in another place.
British steel-steelers were faced with the abolition of orders due to American duties on steel
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Azovpromstal® 23 March 2025 г. 13:47 |
