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Dutch Tata Steel seeks U.S. tariff exemption

9 March, 2018 5:07 PM
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‘We don’t dump steel in U.S. market’

The Dutch arm of Tata Steel said on Friday the U.S. should exempt it from new import tariffs on steel and aluminium, as its products were vital for the American economy.

“We don’t dump our steel on the American market, our products are no threat to American national security and many American companies depend on our products,” Tata Steel Netherlands director Theo Henrar said in a statement.

From its factories in IJmuiden, near Amsterdam, Tata supplies high-quality steel to companies such as machine-builder Caterpillar and battery-maker Duracell.

Tata also caters for carmakers and the packaging and bottling industry in the U.S. with products it says no domestic steel producer makes.

On Thursday, U.S. President Donald Trump pressed ahead with import tariffs on steel and aluminium, but exempted Canada and Mexico and offered the possibility of excluding other allies.

Mr. Henrar also said he would ask the Dutch government and the European Commission to make sure that all European steel products would be exempt from the tariffs.

Also read: Tata Sponge rises 3% after CCI clears deal with Usha Martin


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