Answering questions on a national TV channel, BlueScope President Mark Vassella said that Trump's tariffs are in line with his company's policies and that BlueScope's investments in the US will continue, while Chinese steel production is a threat to the Southeast Asian market.
BlueScope President Mark Vassella emphasized that BlueScope's strategy is to work for the country in which they operate, and that their strategy is in line with US President Trump's tariff plan to increase local production.
Explaining that they produce 3 million tons in North America, Vassella said that they are able to protect themselves from future tariffs thanks to this strategy. Noting that their US investments in the last 5 years exceeded 2 billion dollars, Vassella said that their “in-country, for-country” production is a protective method against external factors such as the tariffs.
Finally, Vassella pointed out that China's pressure on the Asian market is challenging and that the impact of high volumes of imports from China on iron ore prices and production costs on the Asian and especially Southeast Asian market is a threat.
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