07
Jun
15:11
TZ sees US sales continuation, re-route to EU
Trinecke Zelezarny (TZ) says it could re-route to Europe rail shipments normally bound for the US, following the US imposition of 25% steel tariffs on the EU. Moreover, there are indications US rail buyers will be prepared to pay the additional tariff as an equivalent product is not produced domestically.
Although the US is a major market for TZ’s rail, “… with the volume of infrastructure projects being built in Europe, we should not feel the…
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Anonymous
Very good overview of the weekly steel market.
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