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US steel customers spooked by tariffs, Tata says

  • Donald Trump’s trade tariffs on U.S. Metals imports have caused customers to cancel orders, according to Tata Steel UK and British Steel.
  • The U.S. President imposed a 25 percent tariff on global steel and aluminum imports, with no exceptions, significantly impacting the steel industry.
  • Rajesh Nair, chief executive of Tata Steel UK, warned that the tariffs could lead to significant damage in sales and profits as customers seek other suppliers.
  • Allan Bell, chief commercial officer at British Steel, mentioned that customers are currently considering order cancellation due to tariff concerns.
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The Independent broke the news in London, United Kingdom on Tuesday, March 18, 2025.
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