American Steel Imports

The U.S. administration has introduced levies on the import of steel and aluminum, allegedly for reasons of national security. The tariffs of 25 percent on steel and 10 percent on aluminum came into effect on Friday. So far, many of the most important trading partners for steel have been granted at least temporary exemptions. These apply to the selected major steel exporters shown in the below chart, like the European Union, Brazil, Canada, Mexico and South Korea. Not on the list for exemptions is Russia.

While Canada is America's most important provider by metric tons, it's the European Union whose steel imports to the U.S. have the highest value. Only steel from South Korea costs more per metric ton.