South Korean Mill Suspends Shipments to the U.S.

Anticipating the U.S. Commerce Department will soon begin considering applications for exemptions from the Trump administration tariffs on steel and aluminum, South Korea’s Dongkuk Steel has reportedly suspended its April exports to the United States.

Reuters quoted a company spokesman who said the steelmaker has put its exports to the U.S. temporarily on hold while the South Korean government seeks a waiver from the tariffs. “We will make clear what our stance is,” said Finance Minister Kim Dong-yeon. “We will deploy all possible means to respond to the U.S. steel tariffs measure.”