US President Donald Trump announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminium during a meeting at the White House in Washington, US, on March 1. Iowa’s congressional delegation, including two Republican senators, wrote to Trump expressing concern that the tariffs would hit the state’s farmers. In this file photo taken on March 2, The United States Steel Corporation plant stands in the town of Clairton, Pennsylvania. “We urge the administration to take this risk seriously.”With demand for US steel expected to increase, United States Steel Corp said it would restart one of two blast furnaces and steel-making facilities and rehire 500 employees at its Granite City, Illinois, plant. Shares of Nucor, US Steel and AK Steel lifted the S&P 1500 steel index .

Source: New Strait Times March 07, 2018 23:37 UTC