Sailors crossing the Atlantic in March are used to dealing with rough seas. But when two shipments of steel from Marcegaglia Stainless Sheffield were slowed up in crossing the ocean by storms this week it meant more than a few days’ extra journey: the metal was caught up in the global trade war started by the US president, Donald Trump, as well.
“Obviously, it’s a massive frustration,” says Liam Bates, the president of long products at the Italian steelmaker’s northern England operation. The company had hoped to rush through two weekly shipments in order to avoid the Wednesday deadline for Trump’s 25% tariffs on steel and aluminium. Instead, it will have to bear the costs – or hope for grace from the US government.
