Strong demand for steel worldwide has helped Japanese producer Nippon Steel offset the impact of US tariffs imposed on its products. Despite the extra costs, just 4% of its US customers are continuing to buy products such as rails and seamless pipes, due to their specialised nature, according to executive vice-president Katsuhiro Miyamoto . US exports account for 13% of the company's sales, with 40% going to Asia . And Miyamoto said the company is optimistic about winning the bidding race for Essar as Nippon Steel’s teamup with ArcelorMittal could help with a quick restructuring of the Indian firm, the upgrading of factories and also with giving financial support. Overall, US 's steel exports to the US recovered in April , rising by 13% , after dropping by 40% in April .
Strong demand for steel worldwide has helped Japanese producer Nippon Steel offset the impact of US tariffs imposed on its products. Despite the extra costs, just 4% of its US customers are continuing to buy products such as rails and seamless pipes, due to their specialised nature, according to executive vice-president Katsuhiro Miyamoto . US exports account for 13% of the company's sales, with 40% going to Asia . Overall, US 's steel exports to the US recovered in April , rising by 13% , after dropping by 40% in April .