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Japan's Nippon Steel says solid demand mutes impact of US duties

Updated : May 21, 2018 12:52 PM IST

Japan is among the top 10 steel exporters to the United States which in March began imposing a 25% tariff on steel imports, aimed at curbing purchases from China.
Japan's steel exports to the United States rose 13% in April from a year ago, after plunging by 40% in March.
Among acquisition plans announced earlier this year by Nippon Steel, the world's No.4 steelmaker, include Sweden's Ovako, India's bankrupt Essar Steel and its subsidiaries Nisshin Steel and Sanyo Special Steel.
Japan's Nippon Steel says solid demand mutes impact of US duties

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