The centre of the universe is on the move

• USA imposes import tariffs on steel and aluminium. Nickel remains unimpressed. Trump wants to protect the national security interests of his country. He will hardly mean rust and corrosion.
• Make America great again vs. keep America serious. Populist voters have to rethink. The experience of reality is the best way to disenchantment. And also, none of this is new to the USA.
• Handelsblatt conference “Future of Steel” key topics, besides tariffs, are digitalisation and the circular economy. The topic digitalisation cannot be left to the IT experts and advisors.
• Is there a new super cycle for commodities? Opinions differ. There is agreement in regard to the outlook of the global economy and the reduction of the supply surplus.

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