Paul Bartholomew, Senior Managing Editor at S&P Global Platts talks to CNBC TV18's Manisha Gupta about the Trump government's decision to impose steel & aluminum tariffs on Canada, Mexico, EU starting June 1.

Uncertainty over impact of decision likely to feed further volatility in metals.

“Prices of steel are extremely high, the margins are very high for the Chinese steel. The steel is going to be fairly strong for most of this year, it might come off a little bit, we might see a little bit of volatility and some of the other raw materials prices around that will probably follow suit. Steel looking fairly good still over the rest of this year,” Bartholomew said.

The Trump administration imposed new duties on steel and aluminum imports from the European Union, Canada and Mexico on Thursday citing national security concerns.

First Published:Jun 1, 2018 12:57 PM IST