US steel tariffs have twofold impact on SSAB
US President Donald Trump has announced that a tariff of 25% will be imposed on steel being imported into the US. SSAB CEO Martin Lindqvist comments on the introduction of steel tariffs in the US:“Our Americas division has a production capacity of 2.4 million tons of steel at our US mills in Iowa and Alabama. These volumes are excluded from the tariffs. However, our US steel production is supplemented with special, high-strength products from Sweden and Finland that are not produced in our North American product lines. In 2017, these exports totaled around 250,000 tonnes. We will