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By Christine Chen
SYDNEY (Reuters) - BlueScope Steel, Australia's largest steelmaker, will be a beneficiary of U.S. President Donald Trump's protectionist tariffs, CEO Mark Vassella said on Monday, saying that he expects higher prices to boost BlueScope's profits in North America.
After BlueScope posted a better-than-expected first-half profit, Vassella said steel prices were already "moving in the right direction" following Trump's announcement of 25% tariffs on imports of steel and aluminium...
>>> Read more: Australian steelmaker BlueScope sees Trumpâs tariffs as a boon
SYDNEY (Reuters) - BlueScope Steel, Australia's largest steelmaker, will be a beneficiary of U.S. President Donald Trump's protectionist tariffs, CEO Mark Vassella said on Monday, saying that he expects higher prices to boost BlueScope's profits in North America.
After BlueScope posted a better-than-expected first-half profit, Vassella said steel prices were already "moving in the right direction" following Trump's announcement of 25% tariffs on imports of steel and aluminium...
>>> Read more: Australian steelmaker BlueScope sees Trumpâs tariffs as a boon
