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Africa|Aluminium|Steel
Africa|Aluminium|Steel
africa|aluminium|steel

ArcelorMittal South Africa shares down 2% after Trump steel tariffs

AMSA's Vanderbijlpark plant

Photo by Creamer Media

11th February 2025

By: Reuters

  

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Shares in steel producer ArcelorMittal South Africa traded 2% weaker on the Johannesburg Stock Exchange early on Tuesday after US President Donald Trump's tariffs on steel imports to the United States.

Trump raised tariffs on steel and aluminium imports on Monday to a flat 25% "without exceptions or exemptions," in a move he hopes will aid the struggling industries in the world's biggest economy.

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Edited by Reuters

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