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.
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