Steam rolls off a slab of steel as it rolls down the line at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March 9, 2018. REUTERS/Aaron Josefczyk/File Photo/File Photo
WASHINGTON, March 22 (Reuters) - The U.S.-UK steel trade agreement expected to be announced later on Tuesday will allow more than 500,000 tonnes of British-made steel annually into the United States duty-free, sources familiar with the deal said.
The deal requires the steel to be "melted and poured" in Britain and will remove Britain's retaliatory tariffs on iconic U.S. products, including Harley-Davidson (HD.N) motorcycles, bourbon whiskey and Levi's blue jeans, the sources told Reuters on condition of anonymity because the deal has not yet been made public.
Our Standards: The Thomson Reuters Trust Principles.
German chemicals group Evonik Industries said on Monday it was substituting up to 40% of natural gas at its domestic sites, as the energy-intensive sector prepares contingency plans in case of Russian gas supply cuts.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.