One of the world’s top steelmakers is tracking this week’s high-stakes trade talks in Washington, forecasting that a failure by the U.S. and China to make progress to end their prolonged stand-off risks undercutting steel demand as mainland manufacturing would likely take a hit.
“If it doesn’t get sorted out by the day after tomorrow, then we can see less demand from China,” Ranjan Sinha, director of raw materials and IT procurement at Tata Steel Europe Ltd., said in an interview in Singapore. Tata is Europe’s second-largest steelmaker.
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