US steel tariffs will hurt some Asian companies more than others: Nomura

Recent tariffs on U.S. steel imports will likely hurt some Asian steel producers more than others, according to Nomura.

Smaller South Korean companies are expected to be hit harder than their larger counterparts while Japanwill probably experience minor impact after U.S. President Donald Trump last week signed off on tariffs of 25 percent on steel imports, analysts from the research firm said in a note.

Smaller Korean steel companies are likely to be more negatively affected than bigger players due to the level of exposure they have to the U.S.
Source:  cnbc