Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • Bitcoin USD

    63,902.20
    -734.54 (-1.14%)
     
  • CMC Crypto 200

    1,330.21
    -66.33 (-4.75%)
     
  • S&P 500

    5,104.36
    +55.94 (+1.11%)
     
  • Dow

    38,258.28
    +172.48 (+0.45%)
     
  • Nasdaq

    15,943.64
    +331.88 (+2.13%)
     
  • Gold

    2,349.30
    +6.80 (+0.29%)
     
  • Crude Oil

    83.64
    +0.07 (+0.08%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Japan steel industry fears protectionism from Trump - industry official

U.S. President-elect Donald Trump acknowledges supporters with his wife Melania at the "Make America Great Again! Welcome Celebration" at the Lincoln Memorial. in Washington, U.S., January 19, 2017. REUTERS/Mike Segar

TOKYO (Reuters) - Japan's steel industry is concerned over the risks of a U.S. exit from the Trans-Pacific Partnership deal and reform of the North American Free Trade Agreement by the incoming Trump administration, a Japanese industry official said on Friday.

"We are worried about the risks of the Trump administration taking protectionism actions or policies," Kosei Shindo, chairman of the Japan Iron and Steel Federation, told a news conference.

Shindo is also president of Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker.

(Reporting by Yuka Obayashi; Editing by Tom Hogue)