text: Published April 21, 2017 FeaturesReuters
  In Japan, shares in Nippon Steel <5401.T> rose 1.3 percent, after five weeks of steady losses, partly on speculation that any action by the U.S. would mostly target China which is easily the world&apos;s largest producer.
  South Korean steelmaker Posco <005490.KS> followed with gains of over 2 percent, while Taiwan&apos;s China Steel <2002.TW> advanced 1.3 percent.
  "Only about 5 percent of South Korea&apos;s steel produce goes to U.S., so any impact will be very limited for Posco. China will feel the pain if there is any wider import restrictions."
  His move diverges from the Obama administration&apos;s approach to the issue, which relied largely on filing complaints to the World Trade Organization (WTO).
  China&apos;s stock markets often march to their own drummer and, despite Trump&apos;s talk of massive dumping, U.S. steel demand really isn&apos;t that big of a deal for China.
  "The key thing is that we don&apos;t know enough about this, and whether the Trump administration is somehow going to reduce the supply of steel coming out of China, because that would actually be positive for steelmakers everywhere and would increase steel prices," explained a director of equity cash sales at a foreign securities house in Tokyo.
  China&apos;s crude steel output reached a record 72 million tonnes in March as mills ramped up output.