Japan’s steel sector unaffected by US 232 tariff: METI official

摘要

Japan’s steel industry has not been affected by the US imposing a 25% import tariff on steel imports in March last year under the Section 232 of the Trade Expansion Act, an official at the Ministry of Economy, Trade and Industry said Tuesday. Noriyuki Kuroda, director of the metals industries division, did acknowledge that some companies exporting steel to the US had been affected by the Section 232 measures because their products were not granted tariff exemptions. “But the overall impact of Section 232 impact is not significant,” he said, while speaking at Japan’s second quarter steel demand forecast in Tokyo.