South Korea trade minister says Trump tariffs would reduce companies' profits
SEOUL, Feb 11 (Reuters) - South Korea's Trade Minister Cheong In-kyo said on Tuesday that U.S. President Donald Trump's 25% tariffs on steel and aluminum imports due to come into force in March would reduce U.S. steel demand and erode steel exporters' profitability. (Reporting by Hyunsu Yim Editing by Ed Davies) ((Hyunsu.Yim@thomsonreuters.com;))
Recent news on HYUNDAI STEEL
See all newsBrief: Hyundai Steel Q2 Operating Profit 57.7 Billion Won, Down 43% Y/Y
Tokyo Steel to raise product prices in July to pass on higher costs
South Korea's metal workers' union plans to strike on July 15
Tokyo Steel to hike prices in May as raw material costs climb
South Korea's Hyundai Steel plans $2.9 billion capital increase for US steel plant (updated)