Elena Mazneva

Business, Logistics

Steel Expected to Struggle on China Tariffs

Steel Rolls of steel (Cole Burston/Associated Press)

After two years of bumper profits, the steel industry is entering a slowdown. ArcelorMittal, as well as smaller European producers like Salzgitter AG and Voestalpine AG, are sounding the alarm about weakening conditions, particularly in China. The country, which uses about half of the world’s steel, is now expected to see a drop in demand, the first contraction since 2015.

Elena Mazneva | Bloomberg News
February 7, 2019