Kochovski: Macedonian steel is not directly affected by the tariffs announced by Trump

The announcement of the introduction of import tariffs for steel and aluminum products by US President Donald Trump for the United States, will not effect Macedonian producers directly, because that specific market is not targeted, stated for “Meta” the president of the Metallurgy Association and director of “Makstil”, Mitko Kochovski, during the Economy Chamber of Macedonia

However, he explained, the introduction of these measures may lead to disturbance in other markets, which can indirectly affect Macedonian companies.

“Any closure in one market can affect other markets and the world’s producers who sell it there. The European economy has revived, but it is not so strong as to absorb all the quantities of steel exported by China, which is the largest world producer”, said Kochovski.

He added that after the surge of steel from China, as the largest producer, the US economy has a basis to protect itself from artificial competition and dumping prices.