Some comments by Fitch on the tariffs imposed by the US on steel and aluminium
- Says that they expect China’s steel market to remain stable in 2018
- Most of China’s steel exports goes to regional markets, not the US
- China’s steel exports to the US only accounted for just 1% of its total steel exports in 2017
More responses coming in on the US tariffs implementation. Earlier, Moody’s made some comments here regarding who the biggest loser will be when the tariffs kick into place next week.