March 2019 | Steel Forecaster
US-China tariff hikes postponed, sentiment improving: International Flat Product Market Analysis
Sentiment among market participants has responded as could be expected, given that it had been subdued and increasingly pessimistic largely as a result of rising trade tensions
This early March issue of our weekly look at global steel markets was meant to coincide with the ratcheting-up of US tariffs on Chinese imports. Instead, late February saw US President Trump delay plans to increase tariffs on some $200bn of Chinese imports from 10% to 25% beginning March 1. Citing substantial progress in a number of meetings that took place during February, the planned tariff hike has been postponed, perhaps indefinitely. It appears increasingly likely that the worlds two major economies will step back...
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