Some customers in the United States are still ordering semifinished steel from Marcegaglia Stainless Sheffield in Britain’s Midlands, said Christian Bruggmann, the company’s chief operating officer. Some of Marcegaglia’s steel is processed through Sweden and Italy and would be subjected to the 50 percent tariffs. But across Europe, other countries were angry that tariffs on steel and aluminum shot up. “Most of the 3.8 million tons of E.U. “We are being flooded by cheap foreign steel,” said Mr. Eggert, who pushed for both sides to negotiate a solution.

Source: The Times June 04, 2025 17:45 UTC