Japan steel federation head's biggest fear: Jump in China steel exports
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] The Japanese steel industry's biggest concern is rising exports from China, the world's biggest producer, because reduced local demand due to the trade spat between the United States and China may lead to more overseas shipments, said the head of the Japan Iron and Steel Federation.
"Our biggest worry is a scenario that the US-China trade wars would dent China's local demand, leading to a surge in China's steel export," Federation chairman Koji Kakigi told a news conference on Tuesday.
US President Donald Trump on Friday said he was ready to impose tariffs on all US$500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
