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Tuesday, April 23, 2024

Chile Steel Plant Reopens As Tariffs Imposed On Chinese Imports

 

Chile's biggest steel plant has resumed activities after the government imposed a temporary tariff on Chinese imports. The Huachipato plant, which provides 2,700 direct jobs and some 20,000 indirect ones, announced a month ago it was winding down, unable to compete with Chinese steel that sells for about 40 percent cheaper in the South American country.

https://www.barrons.com/news/chile-steel-plant-reopens-as-tariffs-imposed-on-chinese-imports-3a70dcec

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