0800 GMT - A potential doubling of U.S. steel tariffs on foreign imports would support U.S. domestic producers, but it also increases the risk of demand destruction, Deutsche Bank analysts Bastian Synagowitz and Liam Fitzpatrick say in a research note. A doubling of tariffs to 50% from Wednesday is expected to force U.S. steel prices up. In addition, it poses a risk to European producers that trade flows get rerouted. This would put Europe's steel sector under further stress in the third and fourth quarter of the year, which could increase pressure for a response by the European Union, the analysts say. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 04:00 ET (08:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。