US steel prices are so high that
Italian exports can withstand even a 25% duty, Federation of
steel manufacturers Federacciai president Antonio Gozi told ANSA
on Thursday after the US announced it was imposing tariffs on
imported steel and aluminium from the EU.
"There is a difference of approximately 200 dollars per tonne
between US steel and similar Italian products," Gozi explained.
"Of course we need to see how American prices evolve. If the
differential falls there will be repercussions," he added.
"Today is not a good day, but we must keep a steady nerve and
avoid greater damage," Gozi said.
The Federacciai chief fears a possible trade war between the
US and the EU, with a negative impact on the automotive sector.
"Tariffs on the car industry would be extremely dangerous for
the European steel industry and for an exporting country such as
Italy, which has relaunched growth," he said.
ALL RIGHTS RESERVED © Copyright ANSA
