Australia’s largest steelmaker is set to be a winner from US President Donald Trump’s decision to double tariffs on imported steel to 50 per cent, but the move creates further uncertainty for the sale of Whyalla Steelworks.
BlueScope Steel’s substantial US operations generate about half of the company’s annual profits. It owns the North Star steel mill in Ohio, which supplies the automotive, white goods and agricultural industries and makes about 3 million tonnes of steel a year.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
