European steel buyers and some manufacturers could benefit from 50% U.S. tariffs on the metal, but the potential for the eye-watering duty rate has rocked the already struggling industry. U.S. steel prices are set to climb further as a result of the higher tariff rate expected to come into effect this week,

By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Salzgitter, Germany's second-biggest steelmaker, on Monday warned that Washington's tariff policy was dealing a severe blow to European industry,

TheStreet. The finest steel has to go through the hottest fire, as the saying goes, and the latest round of tariffs is really cranking up the heat. On May 30 President Donald Trump fired yet another salvo in his trade war when he said that he'd double tariffs on steel imports to 50%.