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President Trump tests Australia's mettle

US President Donald Trump's proposed tariffs on steel and aluminium imports from Australia could be an own-goal in terms of American jobs.

1 min read

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Source: AAP


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AUSTRALIAN STEEL AND ALUMINIUM EXPORTS INTO THE USA

* Australian steel accounts for only about 0.3 per cent of world production

* Australia produces about five to six million tonnes of steel a year, compared with 700 million tonnes in China

* BlueScope employs 3000 people at plants in California, Washington state and Ohio

* About 400,000 tonnes of steel a year is exported into the US from Australia to be used in BlueScope's plants

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* It is cheaper to freight steel from Australia than it is to rail it from one side of the US to the other

* Donald Trump's new tariffs will force a cost impost onto BlueScope and affect American and Australian jobs

* In the US, Australian steel fulfils about 0.2 per cent of the market, while aluminium is 1.5 per cent of the market

* US market is worth about $274 million for steel and $276 million for aluminium, in terms of Australian exports.


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