US steel customers 'spooked' by 'tariff warfare', Tata Steel says

US steel customers are increasingly seeking alternative suppliers due to the impact of the newly imposed 25% tariffs, says Tata Steel boss Rajesh Nair. The tariffs, which have raised concerns among several trading sectors, seem to be causing a notable shift in the steel industry's landscape. According to Nair, the decision by the US to impose these tariffs has "spooked" its customers, pushing them to look for other suppliers outside of the traditional markets. This shift comes as businesses aim to mitigate the potential cost increases and supply chain disruptions brought about by the tariffs. The move has significant implications for steel manufacturers and exporters, particularly those who have historically relied on the US market as a major destination for their products. The "tariff warfare," as it's becoming known, has introduced a level of uncertainty within the global steel trade. Companies are being forced to reassess their trading strategies, supply chains, and even production plans to accommodate the changing dynamics. For some, this means exploring new markets or increasing their presence in existing ones outside the US. For others, it's about innovating and upgrading their products to either comply with or circumvent the tariffs. This shift not only affects the steel industry but also has a broader impact on global trade relations. The imposition of tariffs has been met with mixed reactions from different countries and sectors, with some implementing counter-measures that further complicate the trading environment. As businesses navigate through these uncertain times, the global trade landscape continues to evolve. The effects of