The two largest steel companies in the United Kingdom have already said that they have already lost customers in the United States and are preparing for cheap imports after Donald Trump has imposed steep metal prices.
The patterns of Tata Steel and British Steel told the deputy for the business and trade of municipalities on Tuesday that customers were looking for alternative products from products to avoid 25% steel and aluminum rates This entered into force last week.
Rajesh Nair, Managing Director of Tata Steel UK, said: “Customers already speak to us and wish to cancel orders and, in some cases, ask us for compensation for potential orders.”
The prices of the American president, which apply around the world, will impose an immediate cost on metal imports, but should also push companies that have previously sold in the United States to seek new markets. Prompted concerns concerning a flow of sub-prix steel Enter the United Kingdom of desperate foreign sellers to find buyers to replace previous American orders.
Nair said Tata, which belongs to the Conglomerate of Tata in India, had already experienced “a huge amount of diversion”, which leads to a drop in prices in the United Kingdom. Although cheaper prices benefit from steel users, they can make more difficult for national companies to compete with whether exporters spill steel at artificially low prices.
Allan Bell, commercial director at British steeltold deputies that prevention of the diversion of trade was priority. He said he favored “short-term measures to protect what we have in the country rather than reprisal measures” against the United States, even after the prices forced British Steel to stop the sale of certain products across the Atlantic.
Trump’s prices came with the world steel industry under pressure, after years of agitation in the Chinese real estate industry that has slowed the demand. This forced the Chinese steel industry, by far the largest in the world, to seek elsewhere to sell its products.
British leaders are particularly concerned because the United Kingdom has had an independent trade policy from Brexit. The EU is Acting to block diverted steel from its marketBut the British government seems to act more slowly, despite messages of support for the Prime Minister’s industry, Keir Starmer, and the business secretary, Jonathan Reynolds.
Nair said the apparent inadequacy in policies meant that EU steel prices were £ 60 per tonne in the UK prices. British industry is already complaining about a persistent disadvantage compared to the EU Due to the increase in energy prices.
Bell said he “would like to see the rhythm increase” from the British government.
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Tata Steel was previously the largest steel producer in the United Kingdom of iron ore, although its steelworks in Port Talbot, in the south of Wales, stopped production while replacing the high polluting stoves with much cleaner electric arc ovens. Last year Tata Cut 2,500 jobs in Talbot Port.
British Steel, who belongs to Jingye in China, still operates his high stoves in Scanthorpe, Lincolnshire, although he also planned to go to electric technology.
Alasdair McDiarmid, deputy secretary general of the community, a union representing steel workers, said that the United Kingdom needed “a decisive approach to commercial defense and a robust carbon border adjustment mechanism to be brought quickly online with the EU to protect the country from a flood of dirty imports of steel”.